Nordstrom's most recent trend suggests a bullish bias. One trading opportunity on Nordstrom is a Bull Put Spread using a strike $57.50 short put and a strike $52.50 long put offers a potential 7.76% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $57.50 by expiration. The full premium credit of $0.36 would be kept by the premium seller. The risk of $4.64 would be incurred if the stock dropped below the $52.50 long put 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 up which suggests that the medium-term momentum for Nordstrom is bullish.
The RSI indicator is at 74.39 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Nordstrom
Best Buy (BBY) Stock Slips 0.51% Ahead of Q2 Earnings: What To Watch
Mon, 27 Aug 2018 21:48:09 +0000
Shares of Best Buy (BBY) dipped 0.51% during regular trading hours Monday in a sign that investors might be a bit nervous ahead of the retailer's second-quarter earnings release Tuesday. With that said, BBY stock is still up roughly 19% over the last three months, so let's see what to really expect from Best Buy's Q2 financial results.
Wave of Solid Q2 Results Boosts Retail ETFs
Mon, 27 Aug 2018 14:50:02 +0000
Retail has been the hottest sector lately given strong corporate earnings coupled with higher consumer spending and a booming economy.
Nordstrom Hits 52-Week High: Are Q2 Results the Sole Factor?
Mon, 27 Aug 2018 14:50:02 +0000
Nordstrom (JWN) got a major boost following the company's impressive performance in second-quarter fiscal 2018.
Canada Plays Starring Role In First-Ever National Canadian Brand Campaign For Nordstrom
Mon, 27 Aug 2018 13:30:00 +0000
TORONTO , Aug. 27, 2018 /PRNewswire/ — Leading fashion retailer, Nordstrom, Inc. is pleased to announce the launch of ‘True Nord,' its first-ever national Canadian marketing brand campaign, debuting August 27 . Produced in partnership with Toronto -based advertising agency, Ogilvy, the campaign celebrates the inclusive and welcoming spirit of Canadians through the lens of individuality and personal style. The campaign is inspired by the phrase “True North” within the national anthem “O Canada,” as ‘Nord' means ‘North' in French.
Is the Retail Rally Overdone or Will It Continue for a While?
Mon, 27 Aug 2018 09:00:12 +0000
Wages are growing, but not when adjusted for inflation. Since the start of the year, according to the Bureau of Labor Statistics, real wages are up just .1%. Lowe’s (NYSE:LOW) is still not beating Home Depot.
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