Nordstrom's most recent trend suggests a bullish bias. One trading opportunity on Nordstrom is a Bull Put Spread using a strike $32.50 short put and a strike $27.50 long put offers a potential 5.26% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $32.50 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock dropped below the $27.50 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 72.04 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Nordstrom
Could Macy's Really Become a Meme Stock?
Sat, 13 Nov 2021 14:06:00 +0000
Macy's (NYSE: M) has come under pressure from activist investors this fall, contributing to a roughly 50% gain for Macy's stock over the past two months. Jana Partners led the way, recommending that Macy's spin off its e-commerce business to achieve a higher valuation. The goal, it seems, is to turn Macy's into a meme stock to quickly drive the share price higher.
This Department Store’s 420% Stock Surge Is Fueled by Supply-Chain Management
Thu, 11 Nov 2021 21:03:01 +0000
(Bloomberg) — Dillard’s Inc., the 83-year-old department store, has soared 417% this year, and its thanks in part to its ability to manage a global supply chain snafu amid a jump in customer demand.Most Read from BloombergWhy Hong Kong Is Building Apartments the Size of Parking SpacesFarmers Take on ‘Post-Apocalyptic’ Food CrisisGreece’s Popular Islands Are Crowded — With PlasticHong Kong's New Museum Tries to Please Art World — and BeijingDillard’s gained as much as 23% on Thursday to a record
Nordstrom to Report Third Quarter 2021 Financial Results on November 23
Tue, 09 Nov 2021 21:05:00 +0000
Nordstrom, Inc. (NYSE: JWN) announced that it will report its third quarter 2021 financial results after the close of the financial markets on Tuesday, November 23, 2021. The announcement will be followed by a conference call at 4:45 p.m. EST, in which senior management will provide a business update and discuss the company's third quarter financial results along with the 2021 outlook. The 45-minute conference call will be available by telephone and audio webcast at investor.nordstrom.com.
Dual Shops Popping Up at Nordstrom for Holiday
Mon, 08 Nov 2021 05:01:30 +0000
Moncler will be featured at the New York flagship while a bazaar of gifts will be offered in the men's store.
3 Options Trades to Play Both Sides of the Market
Wed, 03 Nov 2021 15:15:04 +0000
The S&P 500 just topped off its best October performance in six years. So much for the seasonal headwinds haunting stocks this year. Instead, a powerful bid beneath the surface continues to propel equities to record highs. Just this week, the small-cap-laden Russell 2000 Index finally broke out of its nine-month range to join the rest of the major indexes at all-time highs. With the continued strength and the historically positive months of November and December in front of us, bullish options t
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