On Tuesday, Nordstrom stock hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 81, up from 76 the day before.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily tracks share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best stocks typically have an RS Rating north of 80 in the early stages of their moves.
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Is Nordstrom Stock A Buy?
Nordstrom stock is building a with a 27.15 entry. See if this 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.
While the retailer's top line growth fell last quarter from -4% to -12%, EPS grew 0%, up from -40% in the previous report. Keep an eye out for the company's next round of numbers on or around Aug. 22.
Nordstrom stock holds the No. 1 rank among its peers in the Retail-Department Stores industry group.
