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. Target zone is $57 to $60.
