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SmarTrend Watching for Potential Rebound in Shares of Nordstrom After 2.35% Loss

By Shiri Gupta

Nordstrom (NYSE:JWN) traded in a range yesterday that spanned from a low of $42.78 to a high of $44.08. Yesterday, the shares fell 2.3%, which took the trading range below the 3-day low of $43.44 on volume of 894,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Nordstrom and will alert subscribers who have JWN in their portfolio or watchlist when shares have changed trend direction.

Nordstrom share prices have moved between a 52-week high of $80.23 and a 52-week low of $35.01 and are now trading 22% above that low price at $42.88 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has remained constant.

Keywords: rebounders Nordstrom

Ticker(s): JWN