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Recent 52-Week Low Surpassed in Shares of Nordstrom Inc (JWN)

By Shiri Gupta

Nordstrom Inc (NYSE:JWN) traded at a new 52-week low today of $27.10. This new low was reached on below average trading volume as 2.5 million shares traded hands, while the average 30-day volume is approximately 4.1 million shares.

In the past 52 weeks, shares of Nordstrom Inc have traded between the current low of $27.10 and a high of $67.75 and are now at $27.10. Over the past week, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has declined 0.6%.

Nordstrom Inc has overhead space with shares priced $27.10, or 46.8% below the average consensus analyst price target of $50.93. The stock should run into initial resistance at its 50-day moving average (MA) of $31.19 and subsequent resistance at its 200-day MA of $42.83.

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.

SmarTrend recommended that its subscribers protect gains by selling shares of Nordstrom Inc on November 15th, 2018 by issuing a Downtrend alert when the shares were trading at $59.25. Since that call, shares of Nordstrom Inc have fallen 50.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows nordstrom inc

Ticker(s): JWN