Nordstrom stock saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, with an upgrade from 65 to 71.
This exclusive rating from Investor's Business Daily tracks price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best stocks typically have an RS Rating north of 80 in the early stages of their moves. See if Nordstrom stock can continue to rebound and clear that threshold.
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Is Nordstrom Stock A Buy?
Nordstrom stock is trying to complete a cup with handle with a 21.91 buy point. See if the retail stock can break out in volume at least 40% above average. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Taking a look at top and bottom line numbers, the company has posted rising EPS growth in each of the last two reports. Sales gains have also increased during the same period.
Nordstrom stock holds the No. 3 rank among its peers in the Retail-Department Stores industry group. Macy's is the No. 1-ranked stock within the group.
