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Nordstrom Inc Bearish Moving Average Crossover Alert (JWN)

By James Quinn

Nordstrom Inc (NYSE:JWN) shares have crossed bearishly below their 10-day moving average of $37.55 on a volume of 4.5 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Nordstrom Inc share prices have been bracketed by a current low of $33.75 and a high of $67.75 and are now at $33.92. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1%.

SmarTrend is tracking the current trend status for Nordstrom Inc and will alert subscribers who have JWN in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses nordstrom inc

Ticker(s): JWN