Nordstrom Stock Moves Higher with Strong EPS and Sales Growth

On Thursday, Nordstrom’s (JWN) Relative Strength (RS) Rating improved from 65 to 71. The RS Rating, which ranges from 1 to 99 and tracks price performance over the past 52 weeks compared to all other stocks in the database, is an important indicator for investors. Historically, stocks with RS Ratings above 80 in the early stages of their moves have been strong performers.

Nordstrom stock is currently attempting to complete a cup with handle pattern and has a buy point of 21.91. To make a successful breakout, the stock needs to see a volume that is at least 40% above average. In recent reports, Nordstrom has seen rising EPS growth and increased sales gains, which are positive signs for investors.

Within the Retail-Department Stores industry group, Nordstrom stock ranks third among its peers, with Macy’s (M) holding the top spot. When making investment decisions about Nordstrom stock, investors should consider factors such as volume, EPS growth, and sales gains.