This morning, the leading apparel retail store Nordstrom Inc. (NYSE:JWN) is coming under some selling pressure at the start of the trading session. Today, Nordstrom Inc stock is declining lower by 0.55 cents to $69.43 a share. It seems that JWN stock is falling with many other leading retail companies today. After all, the SPDR S&P Retail ETF (NYSEARCA:XRT) is sliding lower by 0.42 cents to $88.50 a share. Day traders that would like to trade Nordstrom Inc stock should watch for intra-day support around the $68.95 level. This is an area where the stock would likely be defended today. That level also represents the daily chart 20, and 50-day moving averages which will also serve as intra-day chart support when hit by the stock price.
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Nick SantiagoChief Market Strategist
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