In Thursday evening’s Forecast Report, Nordstrom (JWN) offered up a short sell signal near 33.20 to 33, a top that held up through the bulk of evening trade. A secondary target of 33 to 32.80 was tagged as a likely area of interest early Friday if the stock showed signs of struggling in the mid-32s.
On Friday, JWN began pre-market action near 33 and hit a early-hours high of 33.33. A sell trade at at our signal of 33, as measured to the regular session low of 32.41, is a 1.8% winner. A trade from the 33.33 pre-market high, to the 32.41 low, is 2.8% in the black.Â
Â
