Nordstrom’s most recent trend suggests a bullish bias. One trading opportunity on Nordstrom is a Bull Put Spread using a strike $50.00 short put and a strike $45.00 long put offers a potential 10.38% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $50.00 by expiration. The full premium credit of $0.47 would be kept by the premium seller. The risk of $4.53 would be incurred if the stock dropped below the $45.00 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 24.74 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
Edited Transcript of JWN earnings conference call or presentation 15-Nov-18 9:45pm GMT
Tue, 04 Dec 2018 01:17:22 +0000
Q3 2018 Nordstrom Inc Earnings Call
An Activist Investor Wants to Break Up a Department Store Behemoth
Sat, 01 Dec 2018 13:10:00 +0000
Jonathan Litt of Land and Buildings Investment Management is calling for Hudson's Bay to sell off most of its brands and assets.
Retail Stocks Turn Tail on Tough Thursday
Fri, 30 Nov 2018 14:00:00 +0000
The retail rout continued on Thursday as some small specialty names and even larger department store chains suffered to varying degrees in the midst of what is expected to be a huge holiday shopping season.
Luxury on sale? 3 trades
Wed, 28 Nov 2018 23:37:00 +0000
The "Fast Money" traders give you 3 trades in the luxury retail sector after Tiffany reports weak numbers.
Final Trades: USB, AAPL & more
Tue, 27 Nov 2018 22:23:00 +0000
The "Fast Money" traders share their final trades of the day, including US Bancorp, Apple, the XLI industrials ETF and Nordstrom.
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