Like most equities, Nordstrom (NYSE:JWN)) has had a very strong run since stocks bottomed on August 15. In that short span of time, it has ascended nearly 40%.
I have no position, but I am watching the gap at 35.88. The closer it gets to it, the more interesting the risk/reward ratio becomes on this for a short position. Long-term, this stock looks to be in terrible shape, but the price isn’t there quite yet. It is certainly worth monitoring closely, however.
Waiting For Nordstrom
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