On Thursday, Nordstrom (JWN) saw its Relative Strength (RS) Rating improve from 65 to 71. The RS Rating is a score from 1 to 99 that tracks price performance over the last 52 weeks compared to all other stocks in the database. Stocks with RS Ratings over 80 in the early stages of their moves tend to be the best performers historically.
Nordstrom stock is currently attempting to complete a cup with handle pattern and has a buy point of 21.91. Investors are closely watching the stock’s volume, as it is expected to break out on a volume that is at least 40% above average. In recent reports, the company has seen rising EPS growth along with increased sales gains during the same period.
Within the Retail-Department Stores industry group, Nordstrom stock ranks No. 3 among its peers, with Macy’s (M) holding the top ranking. Those interested in investing in Nordstrom should consider factors such as volume, EPS growth, and sales gains when making their decisions.
