Nike Inc Stock Code NKE.NYS
Outlook
Price has a pullback in the past 1 month after hitting a high of $96.88. The pullback and correction brought price down to the edge of the cloud at $88.74. We think the correction is over after price jumped above the consolidation high of $91.99. We think price could be moving higher to test the high of $96.88 and most likely, will make a new high above $96.88. Price is now above the Conversion line but is capped by the Base line, closing last Friday at the Base line resistance. A move above this Base line will likely trigger the rally to $96.88. MACD is just below the Zero line and just had a bullish crossover, hinting of a price rally.
Strategy
$92.30 Buy
$96.88 Price Target
$90.10 Risk Management Stop
2 weeks Trade Duration
Accenture PLC Stock Code ACN.NYS
Outlook
Price moved above the cloud 3 days ago and for the past 2 days, price has stayed above the cloud confirming the bullish trend. Both Conversion and Base lines had a bullish crossover as well, confirming the bullish trend. Price is moving above the Conversion and Base line, hinting of a strong uptrend. Lagging Span is above price of 26 days ago and above the cloud. MACD is bullish with both its lines above the zero line and rising as well. We think the price rally is likely to continue to the previous high of $202.93.
Strategy
$195.70 Buy
$202.90 Price Target
$190.05 Risk Management Stop
2 weeks Trade Duration
