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Nordstrom Fades From Gap Higher Open



March 22, 2011 – Comments (0)

Nordstrom Inc.(NYSE:JWN) is a leading high end retail stock. This morning the stock opened up sharply higher at $43.42 a share. Since that opening high the stock has faded lower throughout the session. As of 3:21 pm EST Nordstrom stock is trading higher by just 0.32 cents to $42.61 a share. Scalp traders can watch for minor intra-day chart support around the $42.45 area and more around the $42.25 level. Both levels could see small intra-day bounces.

Nicholas Santiago

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