The Relative Strength (RS) Rating for Nordstrom stock jumped into a new percentile Wednesday, as it got a lift from 66 to 71.
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 identifies price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often 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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Is Nordstrom Stock A Buy?
While Nordstrom stock is not near an ideal buying range right now, see if it goes on to form and break out of a proper consolidation. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Earnings growth picked up last quarter from -40% to 0%. But sales fell from -4% to -12%.
Nordstrom stock earns the No. 1 rank among its peers in the Retail-Department Stores industry group.
