How to trade JWNJWN, now at 19.1
Investing few regularly since 13 since 4 months
Target price as per ongoing pattern, 23.5
Holding 24 firmly can push this up to 40-42 in less than an year
Key facts today
15,175.86
0.01 BRL
666.32 M BRL
73.06 B BRL
About Nordstrom, Inc.
Sector
Industry
CEO
Erik B. Nordstrom
Website
Headquarters
Seattle
Founded
1901
ISIN
BRJ1WNBDR001
FIGI
BBG00R3XYYD8
Nordstrom, Inc. engages in the manufacture and trade of clothes, shoes, and accessories. It operates through the following segments: Retail and Corporate/Other. The Retail segment consists of a selection of high-quality, brand-name, and private label merchandise, which includes apparel, shoes, cosmetics, and accessories for women, men, young adults, and children. The Corporate/Other segment includes unallocated corporate expenses and assets, inter-segment eliminations, and other adjustments to segment results. The company was founded by John W. Nordstrom in 1901 and is headquartered in Seattle, WA.
Nordstrom's Strategic Shift: Navigating Challenges in the RetailIn the ever-evolving landscape of retail, Nordstrom ( NYSE:JWN ) stands at a pivotal crossroads, grappling with the aftermath of a global pandemic and the shifting tides of consumer behavior. The recent announcement of weaker-than-expected forecasts for 2024 has sent shockwaves through Wall Street,
Nordstrom Long +114% 1:5RRI see Nordstrom having a strong rally in the coming weeks and I can see it easily taking out all those highs fairly quickly and putting in over +100% move.
I compared it to other companies I'm bullish on and it's showing relative strength vs them too which adds to my conviction.
I like JWN at 14.13Nordstrom is still a profitable company, even if middle-class retail continues to evaporate.
It has BIG SUPPORT at this level.
Has a tendency to jump up from this level.
COUNTERPOINT: No real idea how many people are willing to buy/sell at prices lower than this; sub-14 hasn't been seen since lat
Nordstrom Head and Shoulder'sJWN has a trailing twelve month Price to Earnings (PE) ratio of 73.69 which places it above the histroical average of roughly 15.
Another expensive retail name
#JWN has alot of stores in #California
Obviously not a great place to be a retailer, given the rampant crime spree going on in that stat
JWN Upside Target
JWN got destroyed after their recent earning. The stock price is on fire sale at this time and it seems like the stock bounced off the gap it created a long time ago.
There is a gap to be filled on the upside (Green gap)
Price Target on shown on the chart
JWN cluster support is here 👀if 11 holds my targets of 31-45-61 should hit in the mid-long term.. boost and follow for more! ❤
NORDSTROM Stock Chart Fibonacci Analysis 033123Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 15.7/61.80%
$JWN Nordstrom Ryan Cohen Really did Buy the Turtle Necks. Seems A good area to keep eyes on.
Try see if finds support on POC (Point of Control) in Volume Profile
Looks primed to move up.
Possible Targets Described in Video
Not Financial Advice.
If Ryan Cohen Has bought in, I suspect this is worth a entry.
NYSE:JWN
JWN Protective Options StrategyFashion retailer Nordstrom sells brand name clothing, shoes, beauty, home goods, etc in 94 large department stores as well as 240 Nordstrom Rack outlets. It also makes ~50% sales online, via their official websites as well as flash-sales from HauteLook and curator services through Trunk Club.
Techn
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Displays a symbol's price movements over previous years to identify recurring trends.