Nordstrom technical commentary ahead of results In the past three months the stock has outperformed the major averages, gaining over 10%. Almost the entire gain was a post-earnings reaction to prior quarter results. The bulk of the trading range in the period has been narrow, between $67.50 at the low and $70 at the high. The 52-week high at $70.71 would likely be the first major resistance encountered on better than expected news. As this is also the life high for the shares, the next upside objectives would likely be at common options price strikes such as $72.50 and then $75 on an extreme move. A breakdown below $67 on worse than expected news or outlook would not do immediate technical damage to the longer-term trend. The $64 level would be the one to watch on an extreme price reaction lower. This had been strong overhead resistance in the prior year. It would be expected to provide support if there is a test lower. A breakdown below $64 would be bearish for the long-term trend, and a move to $62 would put the five-year-long uptrend in jeopardy.