(Finance) – Overwhelming rise for Nordstromwhich shows a burning climb of 10.93% on previous values.
The clothing group closed on first quarter with a return to profit of 20 million dollars, equal to 13 cents per share, against the red of 166 million (1.05 dollars) a year earlier. THE revenues they rebounded 18.7% annually to $ 3.57 billion, compared with the consensus of $ 3.28 billion.
The company also announced a new buyback from 500 million dollars e revised upward the estimate of turnover growth from the range 5-7% to 6-8%, throughout the year.
The technical scenario seen at one week of the stock compared to the index S & P-500highlights a slowdown in the trend of US luxury retailer compared toUS basketball indexand this makes the stock a potential target for sale by investors.
The technical scenario of Nordstrom shows a widening of the descending trendline at the test of the support 21.07 USD with the resistance area identified at 24.12. The bearish figure suggests the likelihood of testing new identifiable bottoms in area 19.21.