Nike's most recent trend suggests a bearish bias. One trading opportunity on Nike is a Bear Call Spread using a strike $135.00 short call and a strike $145.00 long call offers a potential 10.5% return on risk over the next 35 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $135.00 by expiration. The full premium credit of $0.95 would be kept by the premium seller. The risk of $9.05 would be incurred if the stock rose above the $145.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Nike is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Nike is bearish.
The RSI indicator is at 41.63 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Nike
At US$125, Is NIKE, Inc. (NYSE:NKE) Worth Looking At Closely?
Tue, 12 Apr 2022 10:39:37 +0000
NIKE, Inc. ( NYSE:NKE ) received a lot of attention from a substantial price movement on the NYSE over the last few…
Tiger Woods’ golf clubs sell for $5.15 million at auction
Mon, 11 Apr 2022 20:10:24 +0000
Golden Age Auctions Owner Ryan Carey sits down with Yahoo Finance Live to talk about the record-breaking auction sale of Tiger Woods' golf clubs, the sports memorobilia market, and sports memorabilia NFTs.
Scottie Scheffler wins the 86th Masters Tournament, takes home $2.7 million
Mon, 11 Apr 2022 20:06:06 +0000
Yahoo Finance Live breaks down how Scottie Scheffler won this year's Masters amid Tiger Woods' return to golf at the tournament.
Top Stock Trades for the Week of April 11, 2022
Mon, 11 Apr 2022 19:26:38 +0000
Advanced Micro Devices (AMD) is crashing through support on Monday. Adobe (ADBE) got rejected at the declining 50-day moving average and is vulnerable to further downside. Nike (NKE) is on its way to retesting last month’s low. Tech stocks are crumbling to kick off the new week. The rollover is unfortunate given the progress made by the sector last month. The Nasdaq 100 tells the tale, with Monday’s 2% decline pulling prices below the 50-day moving average. If you’re a bear seeking tempting targ
LeBron James is being asked to do too much for the Lakers: NBA hall of famer Gary Payton
Mon, 11 Apr 2022 14:33:36 +0000
NBA great Gary Payton chats with Yahoo Finance Presents about his latest business ventures, NFTs and the under-whelming season for the LA Lakers.
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