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Nordstrom Crosses Below its 10-day MA (JWN)

By David Diaz

Today, shares of Nordstrom (NYSE:JWN) have fallen below their 10-day MA of $48.62 on a volume of 2.9 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower 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 $46.12, which is 32% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.9%.

SmarTrend recommended that subscribers consider buying shares of Nordstrom on March 30th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $45.96. Since that recommendation, shares of Nordstrom have risen 8.8%. 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