May 13, 2013 (52 Week high-lows via COMTEX) -- Nordstrom (NYSE:JWN) traded at a new 52-week high today of $59.99. This new high was reached on above average trading volume as 1.9 million shares traded hands, while the average 30-day volume is approximately 1.4 million shares.
Nordstrom (NYSE:JWN) defies analysts with a current price ($59.99) 1.1% above its average consensus price target of $59.32. The stock should find initial support at its 50-day moving average (MA) of $55.34 and further support at its 200-day MA of $55.23.
Nordstrom, Inc. is a fashion retailer of apparel, shoes, and accessories for men, women, and children. The Company operates through multiple retail channels, discount stores, boutiques, catalogs, and on the Internet. Nordstrom, Inc. also offers, through a subsidiary, private label card credit and debit cards.
In the past 52 weeks, shares of Nordstrom have traded between a low of $46.27 and a high of $59.99 and are now at $59.99, which is 30% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.9%.
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