Nordstrom (JWN) stock has been upgraded from a 65 to 71 on its Relative Strength (RS) Rating. This score, which ranges from 1 to 99 and tracks price performance, indicates how a stock’s price movement over the past 52 weeks compares to all other stocks in the database. Stocks with an RS Rating above 80 in the early stages of their moves tend to be the best performers in the market.
When it comes to buying or selling stocks, it is crucial to consider factors such as the RS Rating. Nordstrom stock is currently attempting to complete a cup with handle pattern, with a buy point of $21.91. It is essential to keep an eye on the stock’s breakout in volume, with at least 40% above average. By examining the top and bottom line numbers, we can see that Nordstrom has shown rising EPS growth and increased sales gains in its previous two reports.
In comparison to its peers in the Retail-Department Stores industry group, Nordstrom ranks third, behind Macy’s (M), which claims the top spot within the same group. To make informed decisions about investing in the market, investors can use tools like Investor’s Business Daily and consider different factors carefully.
