Nordstrom (JWN) Offering Possible 6.61% Return Over the Next 8 Calendar Days

Nordstrom's most recent trend suggests a bearish bias. One trading opportunity on Nordstrom is a Bear Call Spread using a strike $38.00 short call and a strike $43.00 long call offers a potential 6.61% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $38.00 by expiration. The full premium credit of $0.31 would be kept by the premium seller. The risk of $4.69 would be incurred if the stock rose above the $43.00 long call strike price.

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

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

The RSI indicator is at 27.99 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

Nordstrom Expands BEAUTYCYCLE to Canada
Tue, 06 Apr 2021 13:00:00 +0000
BEAUTYCYCLE, the first beauty take-back and recycling program accepting all brands of beauty packaging at a major retailer in Canada, launches today at Nordstrom. Each year, more than 120 billion units of plastic packaging are produced by the global beauty industry, but less than nine percent gets recycled.

Nordstrom Space to Offer Dover Street Market Incubator Brands
Mon, 05 Apr 2021 19:30:50 +0000
The brands will be sold in shops in New York, L.A. and Vancouver as well as online for the next six weeks.

Nordstrom (JWN) Up 4.4% Since Last Earnings Report: Can It Continue?
Thu, 01 Apr 2021 15:30:03 +0000
Nordstrom (JWN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Nordstrom’s ‘Black_Space’ Brings Together Black Creatives and Creators
Tue, 30 Mar 2021 14:30:39 +0000
Nordstrom introducing Black_Space, an immersive shopping experience developed, designed, and curated by Black voices, to address systemic racial inequity.

Will Shipping Disruptions Hurt Nordstrom?
Tue, 30 Mar 2021 11:00:17 +0000
2020 was a pretty bad year for department stores. While any retail closure is bad news for shopping malls, department store closures are particularly brutal. Department stores commonly serve as anchor tenants, taking up multiple floors of space.

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