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Nordstrom Bearish Moving Average Crossover Alert (JWN)

By Amy Schwartz

Today, shares of Nordstrom (NYSE:JWN) have crossed bearishly below their 10-day moving average of $37.90 on a volume of 867K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Nordstrom has traded in a range of $36.19 to $80.23 and is now at $37.66, 4% above that low. 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 its subscribers protect gains by selling shares of Nordstrom on April 8th, 2016 by issuing a Downtrend alert when the shares were trading at $51.04. Since that call, shares of Nordstrom have fallen 25.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Nordstrom

Ticker(s): JWN