Nordstrom Offering Possible 9.89% Return Over the Next 18 Calendar Days

Nordstrom's most recent trend suggests a bullish bias. One trading opportunity on Nordstrom is a Bull Put Spread using a strike $60.00 short put and a strike $55.00 long put offers a potential 9.89% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $60.00 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock dropped below the $55.00 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 70.97 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 INC Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits
Tue, 04 Mar 2014 22:09:40 GMT

JC Penney: At least It's Not Getting Worse
Tue, 04 Mar 2014 14:51:00 GMT

Nordstrom's Strong Dividend Set To Continue
Tue, 04 Mar 2014 09:14:22 GMT

Nordstrom Up on Quarterly Div Hike
Mon, 03 Mar 2014 19:00:05 GMT

NORDSTROM INC Files SEC form 8-K, Other Events
Fri, 28 Feb 2014 21:34:20 GMT

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