In a welcome move, Nordstrom saw its Relative Strength Rating improve from 61 to 72 on Monday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily measures price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
History shows that the best-performing stocks typically have an RS Rating north of 80 in the early stages of their moves. See if Nordstrom stock can continue to show renewed price strength and clear that threshold.
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While Nordstrom stock is not near an ideal buy point right now, see if it goes on to form and break out of a proper consolidation, especially if it can break through the 200-day moving average.
Earnings grew 486% last quarter, up from 86% in the prior report. Revenue also increased, from 18% to 23%.
The company holds the No. 4 rank among its peers in the Retail-Department Stores industry group. Macy's and Sendas Distributor Adr are also among the group's highest-rated stocks.
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