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How to Invest in Nordstrom $JWN with risk controls
Investors should care about the price action a stock experiences. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. The data below is a snapshot taken at the time this report was published. The Nordstrom (NYSE: JWN) report below can help you find opportunity, and manage risk. The trading plans for JWN, and the other 1000+ stocks we follow, are updated in real time for subscribers. If you want an update, or a different report, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Neutral | Weak |
| P1 | 0 | 0 | 4.40 |
| P2 | 30.66 | 29.56 | 13.54 |
| P3 | 31.65 | 31.02 | 22.62 |
⚠Triggers may have already come
Support and Resistance Plot Chart for JWN
Long Term Trading Plans for JWN
December 29, 2020, 12:30 am ET
The Technical Summary and Trading Plans for JWN help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this JWN Report.
JWN - (Long) Support Plan
The technical summary data tells us to buy JWN near 22.62, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 22.55 to protect against excessive loss in case the stock begins to move against the trade. 22.62 is the first level of support below 31.04, and by rule, any test of support is a buy signal. In this case, if support 22.62 is being tested, a buy signal would exist.
JWN - (Short) Resistance Plan
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
