Nordstrom (JWN) Offering Possible 17.1% Return Over the Next 24 Calendar Days

Nordstrom's most recent trend suggests a bullish bias. One trading opportunity on Nordstrom is a Bull Put Spread using a strike $45.00 short put and a strike $40.00 long put offers a potential 17.1% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $45.00 by expiration. The full premium credit of $0.73 would be kept by the premium seller. The risk of $4.27 would be incurred if the stock dropped below the $40.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Nordstrom is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Nordstrom is bullish.

The RSI indicator is at 70.44 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Nordstrom

2 Theories for Why Nordstrom May Go Private
Sun, 25 Jun 2017 22:20:00 +0000
Does the Norstrom family want to invest more aggressively in growth initiatives, or does it just want to buy the company while share prices are down?

Amazon.com Just Crushed Department Store Stocks Again With Prime Wardrobe
Sun, 25 Jun 2017 13:40:00 +0000
Prime Wardrobe is Amazon's latest foray into the fashion market. Should department stores be worried?

Can the Nordstrom Family Afford to Take the Company Private?
Sat, 24 Jun 2017 01:16:00 +0000
They'll need to come up with billions of dollars of capital to buy out existing shareholders.

Bed Bath & Beyond's existential crisis
Fri, 23 Jun 2017 22:46:00 +0000
Jim Cramer looks into Bed Bath & Beyond's business troubles in light of a shocking earnings miss and a tanking stock.

Cramer explains Bed Bath & Beyond's current existential c…
Fri, 23 Jun 2017 22:37:00 +0000
Jim Cramer looks into Bed Bath & Beyond's business troubles in light of a shocking earnings miss and a tanking stock.

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