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Tuesday, May 16, 2017 11:57:08 AM
Last week, leading high end fashion retailer Nordstrom Inc (NYSE:JWN) was the latest department store stock to drop sharply after reporting earnings. On May 10th Nordstrom Inc stock was trading around $50.00 a share, today the stock is trading at $40.74 a share. Traders and investors can easily see the weakness in JWN and many of the other department store stocks like Macy's Inc (NYSE:M), J C Penney Co (NYSE:JCP), and Kohl's Corp (NYSE:KSS). Simply put, the leading retail stocks have been very weak on the charts.
Nordstron Inc is approaching a solid support level around the $37.75 level. This level happens to be the 200-month moving average. Believe it or not, moving averages are very important on all time frames. Traders and investors should look this $37.75 level to be defended by the institutional crowd. This important area on JWN stock was also defended in June 2016 and should be support again when retested.
![](http://www.inthemoneystocks.com/images/JWN%205.16.17.png)
Recent JWN News
- NORDSTROM ANNIVERSARY SALE STARTS ON JULY 15 • PR Newswire (US) • 06/27/2024 02:00:00 PM
- Nordstrom Rack to Open New Location in Houston • PR Newswire (US) • 06/25/2024 04:00:00 PM
- Nordstrom Rack to Open New Location in Tarzana, California • PR Newswire (US) • 06/18/2024 04:00:00 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 06/14/2024 10:46:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 05:38:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 05:37:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 05:37:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 05:37:28 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 06/07/2024 08:44:40 PM
- Form SC 13D - General statement of acquisition of beneficial ownership • Edgar (US Regulatory) • 06/05/2024 07:21:56 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 10:23:59 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 10:23:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 10:23:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 10:23:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 10:23:05 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 10:22:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 10:22:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 10:22:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 10:22:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 10:22:02 PM
- Dell Shares Drop 15% in Pre-Market; Gap Soars 24% on Surprising Quarterly Profits, and More in Earnings • IH Market News • 05/31/2024 11:50:33 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/30/2024 08:34:32 PM
- Nordstrom Reports First Quarter 2024 Earnings • PR Newswire (US) • 05/30/2024 08:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/28/2024 08:44:21 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/28/2024 08:42:00 PM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM