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Nordstrom Crosses Above its 10-day MA (JWN)

By Shiri Gupta

Today, shares of Nordstrom (NYSE:JWN) have crossed bullishly above their 10-day moving average of $44.37 on a volume of 360K 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, shares of Nordstrom have traded between a low of $35.01 and a high of $80.23 and are now at $44.74, which is 28% above that low price. The 200-day and 50-day moving averages have moved 0.94% lower and 0.1% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Nordstrom. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Nordstrom in search of a potential trend change.

Keywords: moving crosses Nordstrom

Ticker(s): JWN