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Nordstrom Inc Looks to Continue to Trade Below its Annual-Low Share Price Today

By Amy Schwartz

Nordstrom Inc (NYSE:JWN) traded at a new 52-week low today of $36.41. This new low was reached on below average trading volume as 268,000 shares traded hands, while the average 30-day volume is approximately 2.8 million shares.

Nordstrom, Inc. is a fashion retailer of apparel, shoes, and accessories for men, women, and children. The Company operates through multiple retail channels, discount stores, boutiques, catalogs, and on the Internet. Nordstrom also offers, through a subsidiary, private label card credit and debit cards.

Potential upside of 39.9% exists for Nordstrom Inc, based on a current level of $36.41 and analysts' average consensus price target of $50.93. The stock should find initial resistance at its 50-day moving average (MA) of $42.61 and further resistance at its 200-day MA of $51.35.

Nordstrom Inc share prices have moved between a 52-week high of $67.75 and the current low of $36.41 and are currently at $36.41 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 1.5%.

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: 52 week high/lows nordstrom inc

Ticker(s): JWN