May 15, 2014

This post was just published on ZYX Short Change Alert.

JWN is a department store that reported slightly better than expected earnings.  Projections are in line.  The stock is trading up over $6.00 at $68.50 in the after market.  It would appear a lot of the buying is not fundamentally driven but being done by technical buyers who are simply looking at a breakout on the chart.  Consider short selling a 10% tranche right here and add to it for a maximum of 30% of the full core position size up to $72.25.  Mental stop zone is $73.11 to $75.26. … Please click here or the title below to read more.