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SmarTrend Watching for Potential Pullback in Shares of Nordstrom Inc After 1.14% Gain

By Amy Schwartz

Nordstrom Inc (NYSE:JWN) traded in a range yesterday that spanned from a low of $49.55 to a high of $51.56. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $50.04 on volume of 1.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Nordstrom Inc have traded between a low of $35.01 and a high of $62.82 and are now at $50.31, which is 44% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.9%.

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: rebounders nordstrom inc

Ticker(s): JWN