Nordstrom (JWN) Offering Possible 5.26% Return Over the Next 3 Calendar Days

Nordstrom's most recent trend suggests a bullish bias. One trading opportunity on Nordstrom is a Bull Put Spread using a strike $32.50 short put and a strike $27.50 long put offers a potential 5.26% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $32.50 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock dropped below the $27.50 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 72.04 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

Could Macy's Really Become a Meme Stock?
Sat, 13 Nov 2021 14:06:00 +0000
Macy's (NYSE: M) has come under pressure from activist investors this fall, contributing to a roughly 50% gain for Macy's stock over the past two months. Jana Partners led the way, recommending that Macy's spin off its e-commerce business to achieve a higher valuation. The goal, it seems, is to turn Macy's into a meme stock to quickly drive the share price higher.

This Department Store’s 420% Stock Surge Is Fueled by Supply-Chain Management
Thu, 11 Nov 2021 21:03:01 +0000
(Bloomberg) — Dillard’s Inc., the 83-year-old department store, has soared 417% this year, and its thanks in part to its ability to manage a global supply chain snafu amid a jump in customer demand.Most Read from BloombergWhy Hong Kong Is Building Apartments the Size of Parking SpacesFarmers Take on ‘Post-Apocalyptic’ Food CrisisGreece’s Popular Islands Are Crowded — With PlasticHong Kong's New Museum Tries to Please Art World — and BeijingDillard’s gained as much as 23% on Thursday to a record

Nordstrom to Report Third Quarter 2021 Financial Results on November 23
Tue, 09 Nov 2021 21:05:00 +0000
Nordstrom, Inc. (NYSE: JWN) announced that it will report its third quarter 2021 financial results after the close of the financial markets on Tuesday, November 23, 2021. The announcement will be followed by a conference call at 4:45 p.m. EST, in which senior management will provide a business update and discuss the company's third quarter financial results along with the 2021 outlook. The 45-minute conference call will be available by telephone and audio webcast at investor.nordstrom.com.

Dual Shops Popping Up at Nordstrom for Holiday
Mon, 08 Nov 2021 05:01:30 +0000
Moncler will be featured at the New York flagship while a bazaar of gifts will be offered in the men's store.

3 Options Trades to Play Both Sides of the Market
Wed, 03 Nov 2021 15:15:04 +0000
The S&P 500 just topped off its best October performance in six years. So much for the seasonal headwinds haunting stocks this year. Instead, a powerful bid beneath the surface continues to propel equities to record highs. Just this week, the small-cap-laden Russell 2000 Index finally broke out of its nine-month range to join the rest of the major indexes at all-time highs. With the continued strength and the historically positive months of November and December in front of us, bullish options t

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