• Return to Headlines

Bearish Moving Average Cross by Nordstrom Inc (JWN)

By James Quinn

Today, shares of Nordstrom Inc (NYSE:JWN) have fallen below their 10-day MA of $65.03 on a volume of 306K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Nordstrom Inc has traded in a range of $37.79 to $66.33 and is now at $64.42, 70% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.0% while the 200-day MA has risen 1.0%.

SmarTrend recommended that subscribers consider buying shares of Nordstrom Inc on June 7th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $52.41. Since that recommendation, shares of Nordstrom Inc have risen 24.9%. We continue to monitor JWN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses nordstrom inc

Ticker(s): JWN