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Shares of Nordstrom Inc Fall to a New 52-Week Low

By Shiri Gupta

Nordstrom Inc (NYSE:JWN) traded today at a new 52-week low of $29.58. So far today approximately 553,000 shares have been exchanged, as compared to an average 30-day volume of 3.4 million shares.

Nordstrom Inc share prices have moved between a 52-week high of $67.75 and the current low of $29.58 and are currently at $29.58 per share. Over the past week, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 1.7%.

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.

There is potential upside of 72.2% for shares of Nordstrom Inc based on a current price of $29.58 and an average consensus analyst price target of $50.93. Nordstrom Inc shares should first meet resistance at the 50-day moving average (MA) of $33.43 and find additional resistance at the 200-day MA of $45.70.

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 49.7%. 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