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 14.94% return on risk over the next 17 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 $0.65 would be kept by the premium seller. The risk of $4.35 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 73.35 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Nordstrom
EPS Doesn't Tell the Whole Story at These 2 Retailers
Thu, 30 Aug 2018 00:05:00 +0000
Shares of Kohl's and Nordstrom look fairly valued — perhaps even a bit pricey — based on their P/E ratios. However, strong and rising free cash flow means that they have more upside than many investors realize.
4 reasons why shoppers are in the mood to spend
Wed, 29 Aug 2018 23:30:09 +0000
NEW YORK (AP) — The store isn't dead for Home Depot, Kohl's, Best Buy or Target. Many traditional chains have posted strong sales, both online and at stores, as people are in a mood to spend.
Intuit CEO named chairman of Nordstrom
Wed, 29 Aug 2018 17:54:55 +0000
Nordstrom has added a number of tech leaders to its boardroom and executive suite recently to help bolster the Seattle retailer's e-commerce business.
Nasdaq at Record High Wednesday
Wed, 29 Aug 2018 17:18:53 +0000
NCI Building Systems jumps on good results before falling
Nordstrom, Inc., Announces Brad Smith As Chairman Of Board Of Directors
Wed, 29 Aug 2018 16:16:00 +0000
SEATTLE, Aug. 29, 2018 /PRNewswire/ — Seattle-based Nordstrom, Inc. announced board of director Brad Smith will take on the additional role of Chairman of the company's Board of Directors, effective November 1. Smith joined the company's Board in 2013 and recently announced his transition at the end of 2018 from CEO and Chairman to Executive Chairman of Intuit Inc. “Brad's leadership and extensive experience in the technology industry has proven to be invaluable to Nordstrom,” said Phil Satre, current Chairman of the Board for Nordstrom.
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