Nordstrom (JWN) : Traders are bullish on Nordstrom (JWN) as it has outperformed the S&P 500 by a wide margin of 19.26% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.68%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.19% in the last 1 week, and is up 19.1% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 3.98% and the 50-Day Moving Average is 17.76%.The 200 Day SMA reached 9.12%. Nordstrom Inc. is up 31.12% in the last 3-month period. Year-to-Date the stock performance stands at 6.65%.
Nordstrom (NYSE:JWN): After opening at $51.27, the stock dipped to an intraday low of $51.12 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $52.39 and the buying power remained strong till the end. The stock closed at $51.87 for the day, a gain of 1.65% for the day session. The total traded volume was 3,054,800. The stocks close on the previous trading day was $51.03.
Nordstrom, Inc. is a fashion specialty retailer in the United States. The company operates through two segments: Retail and Credit. The Retail segment includes approximately 115 Nordstrom branded full-line stores in the United States and Nordstrom.com, approximately 167 off-price Nordstrom Rack stores, two Canada full-line stores, Nordstromrack.com and HauteLook, and other retail channels, including five Trunk Club showrooms and TrunkClub.com, its two Jeffrey boutiques and one clearance store that operates under the name Last Chance. Credit segment includes its wholly owned federal savings bank, Nordstrom fsb, through which it provides a private label credit card, two Nordstrom VISA credit cards and a debit card. The Company operated 290 United States stores located in 38 states, as well as an e-commerce business through Nordstrom.com, Nordstromrack.com and HauteLook and TrunkClub.com, as of March 16, 2015. It also operates two Nordstrom full-line stores in Canada.