The Hourly View for JWN
At the time of this writing, JWN (Get Ratings)’s price is up $0.75 (2.1%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
JWN’s Technical Outlook on the Daily Chart
At the time of this writing, JWN’s price is down $-1.1 (-2.93%) from the day prior. This is the 2nd day in a row JWN has seen its price head down. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. Regarding moving averages, it should first be noted that price has crossed the 50 day moving average, resulting in them with price now being below it. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Nordstrom Inc’s price action over the past 90 days can be seen via the chart below.
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The post Nordstrom Inc (JWN): Price Now Near $36.5; Daily Chart Shows An Uptrend on 100 Day Basis appeared first on ETF Daily News.
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