Nordstrom saw a positive improvement to its Relative Strength (RS) Rating on Monday, rising from 67 to 77.
IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating of at least 80 in the early stages of their moves. See if Nordstrom can continue to rebound and hit that benchmark.
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Nordstrom is not currently near a potential buying area. See if the stock goes on to form a base that could kick off a new climb.
Top and bottom line growth moved higher last quarter. Earnings were up 32%, compared to 14% in the prior report. Revenue increased from 3% to 5%.
The company holds 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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