Keep Your Powder Dry on Nordstrom

Nordstrom (JWN) put in a low in June last year and then rallied to make a very small double top in November/December. Prices slid $20 in the next two months and still look vulnerable to further declines, as support in the $44 to $42 area does not look all that durable.

The 1970s were a challenging time for a number of retailers (I can think of a number of names that are history) and it looks like this decade is no different. Let's visit with the latest charts and indicators....304 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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