Trading Nordstrom $JWN With Integrated Risk Controls

May 31, 2023, 18:11 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Nordstrom (NYSE: JWN) report below can help you, but we have more details too. The trading plans for JWN, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for JWN

• Buy JWN slightly over 15.81 target 19.16 stop loss @ 15.76 Details

The technical summary data tells us to buy JWN near 15.81 with an upside target of 19.16. This data also tells us to set a stop loss @ 15.76 to protect against excessive loss in case the stock begins to move against the trade. 15.81 is the first level of support below 16.3984 , and by rule, any test of support is a buy signal. In this case, support 15.81 is being tested, a buy signal would exist.

• Short JWN slightly under 19.16, target 15.81, stop loss @ 19.22 Details

The technical summary data is suggesting a short of JWN as it gets near 19.16 with a downside target of 15.81. We should have a stop loss in place at 19.22though. 19.16 is the first level of resistance above 16.3984, and by rule, any test of resistance is a short signal. In this case, if resistance 19.16 is being tested, a short signal would exist.

Swing Trading Plans for JWN

• Buy JWN slightly over 16.58, target 19.16, Stop Loss @ 16.53 Details

If 16.58 begins to break higher, the technical summary data tells us to buy JWN just slightly over 16.58, with an upside target of 19.16. The data also tells us to set a stop loss @ 16.53 in case the stock turns against the trade. 16.58 is the first level of resistance above 16.3984, and by rule, any break above resistance is a buy signal. In this case, 16.58, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short JWN slightly near 16.58, target 15.81, Stop Loss @ 16.63. Details

The technical summary data is suggesting a short of JWN if it tests 16.58 with a downside target of 15.81. We should have a stop loss in place at 16.63 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 16.58, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for JWN

• Buy JWN slightly over 16.58, target 19.16, Stop Loss @ 16.54 Details

If 16.58 begins to break higher, the technical summary data tells us to buy JWN just slightly over 16.58, with an upside target of 19.16. The data also tells us to set a stop loss @ 16.54 in case the stock turns against the trade. 16.58 is the first level of resistance above 16.3984, and by rule, any break above resistance is a buy signal. In this case, 16.58, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short JWN slightly near 16.58, target 16.01, Stop Loss @ 16.62. Details

The technical summary data is suggesting a short of JWN if it tests 16.58 with a downside target of 16.01. We should have a stop loss in place at 16.62 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 16.58, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

JWN Ratings for May 31:

Term →	Near	Mid	Long
Rating	Weak	Strong	Weak
P1	0	0	12.99
P2	15.41	15.71	15.81
P3	16.01	16.58	19.16

Support and Resistance Plot Chart for JWN

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