pool adsWhen Nordstrom $JWN Moves Investors should Listen
How do we know what is going on behind the scenes of a company? According to Stock Traders Daily, a 20-year industry innovator, the best way to do this to to watch the price action in the stock. The Nordstrom (NYSE: JWN) report below is a real world example. Included are trading plans for JWN, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Weak | Strong |
| P1 | 0 | 0 | 29.93 |
| P2 | 34.81 | 35.24 | 37.02 |
| P3 | 35.94 | 36.58 | 45.11 |
Support and Resistance Plot Chart for JWN
Long Term Trading Plans for JWN
April 20, 2021, 8:00 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 29.93 with an upside target of 37.02. This data also tells us to set a stop loss @ 29.84 to protect against excessive loss in case the stock begins to move against the trade. 29.93 is the first level of support below 35.55 , and by rule, any test of support is a buy signal. In this case, support 29.93 would be being tested, so a buy signal would exist.
JWN - (Short) Resistance Plan
The technical summary data is suggesting a short of JWN as it gets near 37.02 with a downside target of 29.93. We should have a stop loss in place at 37.13though. 37.02 is the first level of resistance above 35.55, and by rule, any test of resistance is a short signal. In this case, if resistance 37.02 is being tested, so a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Factset: Request User/Pass
Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.
Our Market Crash Leading Indicator is Evitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change: Take a Trial
