Nike Inc. Stock Code NKE.NYS
Outlook
Price managed to stay above the cloud during a recent price correction, keeping the uptrend intact. In the previous trading session, price broke above the cloud, hinting at a resumption of the previous bullish price trend. Conversion line and Base line had a bullish crossover and is hinting at a bullish price trend ahead. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish price trend. MACD had a bullish crossover and is hinting at a bullish price trend. If price can stay above the cloud, it could be heading towards the resistance at $131.00.
Strategy
$122.60 Buy
$131.00 Price Target
$118.30 Risk Management Stop
3 weeks Trade Duration
