Nordstrom's most recent trend suggests a bearish bias. One trading opportunity on Nordstrom is a Bear Call Spread using a strike $50.00 short call and a strike $55.00 long call offers a potential 7.99% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $50.00 by expiration. The full premium credit of $0.37 would be kept by the premium seller. The risk of $4.63 would be incurred if the stock rose above the $55.00 long call 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 down which suggests that the medium-term momentum for Nordstrom is bearish.
The RSI indicator is at 60.78 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Nordstrom
Should Nordstrom Go Private?
Wed, 21 Jun 2017 16:32:00 +0000
There's not much for the upscale retailer to gain from being out of the public spotlight.
How 1 Activist Investor Could Upend the U.S. Luxury Retail Market
Wed, 21 Jun 2017 12:40:00 +0000
An activist investment firm wants Hudson's Bay to consider shutting Saks Fifth Avenue and Lord & Taylor stores to sell the valuable underlying real estate.
Walmart Gears Up Anti-Amazon Stance in Wake of Whole Foods Deal
Wed, 21 Jun 2017 12:27:45 +0000
Walmart pushes suppliers to use non-Amazon cloud.
Prime Wardrobe: Is This How Amazon Kills Macy's In Fashion Game?
Tue, 20 Jun 2017 20:44:14 +0000
Amazon's removing one of the last barriers to buying clothes online: not being able to try before you buy.
Amazon strikes again: Nordstrom, JC Penney shares tank on ‘Prime Wardrobe' rollout
Tue, 20 Jun 2017 20:31:18 +0000
Amazon's new ‘Prime Wardrobe' service tanked department store shares days after the online company hit grocery stocks.
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