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Shares of Nordstrom Inc Fall Below Previous 52-Week Low

By Shiri Gupta

Nordstrom Inc (NYSE:JWN) traded at a new 52-week low today of $38.75. This new low was reached on below average trading volume as 570,000 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.

Nordstrom Inc (NYSE:JWN) has potential upside of 30.9% based on a current price of $38.92 and analysts' consensus price target of $50.93. The stock should find initial resistance at its 50-day moving average (MA) of $43.26 and further resistance at its 200-day MA of $51.65.

Nordstrom Inc share prices have moved between a 52-week high of $67.75 and the current low of $38.75 and are currently at $38.92 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.4% while the 200-day MA has slid 0.6%.

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 33.6%. 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