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Bullish Moving Average Cross by Nordstrom Inc (JWN)

By Shiri Gupta

Today, shares of Nordstrom Inc (NYSE:JWN) have advanced above their 10-day MA of $44.37 on a volume of 329K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Nordstrom Inc share prices have been bracketed by a low of $43.04 and a high of $67.75 and are now at $44.69, 4% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Nordstrom Inc on November 15th, 2018 by issuing a Downtrend alert when the shares were trading at $59.25. Since that call, shares of Nordstrom Inc have fallen 25.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses nordstrom inc

Ticker(s): JWN