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JWN stock price may rebound on Monday from the support zone.
2
Nordstrom’s stock price (NYSE: JWN) fell nearly 7.73% on Friday amid positive quarterly results.
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Bears are taking advantage of the decline and are aggressively making short positions.
Nordstrom’s (JWN stock) price noted a sharp fall from the $23.2 level after bottoming out from a round level of $15 to gain a 50% value. the stock gained momentum after the last quarterly earnings and continued to surge higher to hit a high of $23.34 However, the short-term gains triggered a sell-off and the stock fell sharply sliding below the 50-day and 200-day EMA. The round mark of $20 shows aggressive short-buildup activity.
The JWN stock on Friday, released its Q2 earnings result, which outperformed the analyst’s estimates. The company reported a revenue of $3.772 Billion beating the analyst’s estimates by 96.27 Million. the earnings were reported to be 0.84 Billion outper
We współpracy z: https://www.thecoinrepublic.com/2023/08/28/jwn-stock-price-prediction-will-nordstrom-share-crash-more/
