QQQ   303.59 (-0.85%)
AAPL   151.73 (-1.79%)
MSFT   256.77 (-0.61%)
META   186.06 (-0.25%)
GOOGL   102.90 (-1.79%)
AMZN   102.18 (-1.17%)
TSLA   194.76 (+2.52%)
NVDA   210.89 (-0.05%)
NIO   10.93 (-2.32%)
BABA   105.45 (-0.83%)
AMD   83.68 (-2.80%)
T   19.58 (-1.26%)
F   13.14 (-0.68%)
MU   59.98 (-3.89%)
CGC   2.95 (+1.03%)
GE   82.35 (+0.48%)
DIS   109.87 (-0.76%)
AMC   6.80 (+11.84%)
PFE   43.76 (-0.68%)
PYPL   82.33 (-3.73%)
NFLX   361.48 (-1.21%)
QQQ   303.59 (-0.85%)
AAPL   151.73 (-1.79%)
MSFT   256.77 (-0.61%)
META   186.06 (-0.25%)
GOOGL   102.90 (-1.79%)
AMZN   102.18 (-1.17%)
TSLA   194.76 (+2.52%)
NVDA   210.89 (-0.05%)
NIO   10.93 (-2.32%)
BABA   105.45 (-0.83%)
AMD   83.68 (-2.80%)
T   19.58 (-1.26%)
F   13.14 (-0.68%)
MU   59.98 (-3.89%)
CGC   2.95 (+1.03%)
GE   82.35 (+0.48%)
DIS   109.87 (-0.76%)
AMC   6.80 (+11.84%)
PFE   43.76 (-0.68%)
PYPL   82.33 (-3.73%)
NFLX   361.48 (-1.21%)
QQQ   303.59 (-0.85%)
AAPL   151.73 (-1.79%)
MSFT   256.77 (-0.61%)
META   186.06 (-0.25%)
GOOGL   102.90 (-1.79%)
AMZN   102.18 (-1.17%)
TSLA   194.76 (+2.52%)
NVDA   210.89 (-0.05%)
NIO   10.93 (-2.32%)
BABA   105.45 (-0.83%)
AMD   83.68 (-2.80%)
T   19.58 (-1.26%)
F   13.14 (-0.68%)
MU   59.98 (-3.89%)
CGC   2.95 (+1.03%)
GE   82.35 (+0.48%)
DIS   109.87 (-0.76%)
AMC   6.80 (+11.84%)
PFE   43.76 (-0.68%)
PYPL   82.33 (-3.73%)
NFLX   361.48 (-1.21%)
QQQ   303.59 (-0.85%)
AAPL   151.73 (-1.79%)
MSFT   256.77 (-0.61%)
META   186.06 (-0.25%)
GOOGL   102.90 (-1.79%)
AMZN   102.18 (-1.17%)
TSLA   194.76 (+2.52%)
NVDA   210.89 (-0.05%)
NIO   10.93 (-2.32%)
BABA   105.45 (-0.83%)
AMD   83.68 (-2.80%)
T   19.58 (-1.26%)
F   13.14 (-0.68%)
MU   59.98 (-3.89%)
CGC   2.95 (+1.03%)
GE   82.35 (+0.48%)
DIS   109.87 (-0.76%)
AMC   6.80 (+11.84%)
PFE   43.76 (-0.68%)
PYPL   82.33 (-3.73%)
NFLX   361.48 (-1.21%)

Struggling Retail Stock Flashing Bear Signal

There's been plenty of buzz about department store retailer Nordstrom, Inc. (NYSE:JWN) lately. Earlier this week, the company announced its Chief Financial Officer (CFO) role would exchange hands by year end, and just last month, the company adopted a "poison pill," after Mexico-based peer bought a 9.9% passive stake in the company. This so-called "poison pill" will prevent investors from amassing more than 10% of Nordstrom's shares. The equity has seen its fair share of choppy trading amid all this, with several attempts to close up a late-August bear gap met with resistance at the $20 mark. Another layer of resistance has emerged at the security's 70-day moving average, too, which could spell out even more trouble for JWN in the coming month. 

A study from Schaeffer's Senior Quantitative Analyst Rocky White shows Nordstrom stock coming back within on standard deviation of this trendline after a lengthy period below here. According to this study, there have been seven similar instances in the past three years. The equity dropped lower one month later 71% of the time, averaging a drop of 8.2%. A similar move from its current perch at $19.16 would put at $17.58, which coincidentally marks the level the security bounced from late last week.

jwn oct 19

Analysts are hesitant on JWN, with just three of the 14 in coverage calling it a "strong buy." Meanwhile, short sellers are starting to hit the exits, off 7.3% in the last two reporting periods, though these bears are still firmly in control. Short interest makes up 23.6% of the stock's available float, or over three days' worth of pent-up buying power. 

With all his said, now might be a good time to speculate on JWN's next move with options. The security's Schaeffer's Volatility Index (SVI) of 67% stands higher than just 26% of annual readings. In other words, options players are pricing in relatively low volatility expectations at the moment. 

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