On Thursday, Nordstrom reached an important technical milestone, with its Relative Strength (RS) Rating entering into the 80-plus percentile with an improvement to 80, up from 67 the day before.
This exclusive rating from Investor's Business Daily measures share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains often have an 80 or better RS Rating in the early stages of their moves.
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Nordstrom is not currently near a potential buying area. See if the stock goes on to build a base that could launch a new move.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 14% to 32%. Revenue rose from 3% to 5%.
The company earns the No. 1 rank among its peers in the Retail-Department Stores industry group. Dillard's and Macy's are also among the group's highest-rated stocks.
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