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Nordstrom Bullish Moving Average Crossover Alert (JWN)

By Shiri Gupta

Nordstrom (NYSE:JWN) shares have crossed bullishly above their 10-day moving average of $42.18 on a volume of 11.9 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Nordstrom share prices have moved between a 52-week high of $80.23 and a 52-week low of $35.01 and are now trading 31% above that low price at $45.72 per share. The 200-day and 50-day moving averages have moved 0.94% lower and 0.1% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Nordstrom on May 12th, 2017 by issuing a Downtrend alert when the shares were trading at $42.29. Since that call, shares of Nordstrom have fallen 4.3%. 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