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Nordstrom Bullish Moving Average Crossover Alert (JWN)

By James Quinn

Today, shares of Nordstrom (NYSE:JWN) have advanced above their 10-day MA of $37.37 on a volume of 607K 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 7% above that low price at $37.53 per share. 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 27.3%. 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