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Bullish Moving Average Cross by Nordstrom (JWN)

By Shiri Gupta

Nordstrom (NYSE:JWN) crossed over its 10-day moving average of $50.24 on a volume of 535K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Nordstrom have traded between a low of $35.01 and a high of $80.23 and are now at $50.40, which is 44% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Nordstrom on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $41.42. Since that recommendation, shares of Nordstrom have risen 20.1%. We continue to monitor JWN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Nordstrom

Ticker(s): JWN