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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 $39.24 on a volume of 891K shares. This may provide swing traders with an opportunity 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 $36.19 and a high of $80.23 and are now at $38.61, which is 7% 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 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 22.5%. 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