Nordstrom (JWN) PriceWatch Alert - Calendar Spread Risk Ranking Improves to 2 Keys
Posted: Friday, November 13, 2009 8:40 AM EDT
By: Market Intelligence Center Staff
Nordstrom (NYSE: JWN) closed yesterday at $34.51. So far the stock has hit a 52-week low of $6.61 and 52-week high of $36.52. The proprietary Key Risk Ranking for JWN has improved from a 1 KEY High Relative Risk to a 2 KEY Considerable Relative Risk. This Key Ranking is determined daily and is a measure of the relative risk for an optimal calendar spread trade on this underlying stock with a targeted 4.84% return (28.00% annualized for comparison purposes). This ranking looks at many factors related to the stock and associated option contracts. The Key ranking is intended as a guide for investors researching this underlying stock. [FBB-Seven Summits Research]
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