Nike (NKE) Offering Possible 34.05% Return Over the Next 20 Calendar Days

Nike's most recent trend suggests a bearish bias. One trading opportunity on Nike is a Bear Call Spread using a strike $72.50 short call and a strike $77.50 long call offers a potential 34.05% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $72.50 by expiration. The full premium credit of $1.27 would be kept by the premium seller. The risk of $3.73 would be incurred if the stock rose above the $77.50 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 31.65 level which suggests that the stock is neither overbought nor oversold at this time.

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Nike Shares Set for Record High Open After Big North American Turnaround
Fri, 29 Jun 2018 08:52:00 +0000
shares are set to open at a record high Friday after the world's biggest sports apparel company blasted quarterly earnings forecasts and unveiled a $15 billion buyback plan, prompting a sting of price target upgrades from major investment banks. Nike said a renewed focus on direct-to-consumer sales, fostered by a revamped online strategy and a partnership with Amazon Inc. , helped boost North American sales more than 2.7% in the three months ending in May, the company's fiscal fourth quarter.

Nike Stomps Expectations With a Stellar Quarter
Fri, 29 Jun 2018 02:24:00 +0000
The athletic footwear and sportswear behemoth just delivered an earlier-than-expected return to growth in North America. But there's plenty more to love about its latest quarter.

Nike returns to growth in North America, tops estimates
Fri, 29 Jun 2018 00:47:28 +0000
The Oregon-based athletic shoe maker has struggled in North America, its biggest market, as it battles tough competition from a resurgent Adidas and Puma, as well as bankruptcies of sports retailers such as Sports Authority and Sports Chalet. Nike has responded with an emphasis on new launches and selling directly to customers through its stores and online, while also partnering with Inc. The company launched several sneakers in the fourth quarter, including singer Kendrick Lamar's Cortez Kenny III line of shoes.

Why Nike's Jordan Brand Isn't Flying as High These Days
Fri, 29 Jun 2018 00:46:00 +0000
fourth-quarter 2018 earnings release on Thursday, June 28, the company reported that Jordan brand revenue was down 8% to $2.86 billion this year versus $3.1 billion in the same period last year. It was a strategic decision on Nike's part to limit the brand, Matt Powell, vice president and senior industry advisor for the NPD Group, told TheStreet on Thursday, June 28. “Nike put too much product in the market, and liquidation rates slowed.

[$$] Nike Posts Growth in Home Market
Fri, 29 Jun 2018 00:21:22 +0000
Nike Inc. returned to growth in its core North American market, ending a streak of quarterly declines that have weighed on results at the world’s largest sportswear maker. Sales in Nike’s home market rose 3% to $3.9 billion for the three months ended May 31, an uptick after three straight quarters of declines. Shares of Nike rose nearly 10% to $78.80 in after-hours trading on Thursday.

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