Nike's most recent trend suggests a bearish bias. One trading opportunity on Nike is a Bear Call Spread using a strike $53.50 short call and a strike $58.50 long call offers a potential 8.7% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $53.50 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock rose above the $58.50 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 below 20 which suggests that the stock is in oversold territory.
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LATEST NEWS for Nike
Is there trouble in basketball paradise? Kevin Durant jus…
Wed, 30 Aug 2017 21:50:00 +0000
"Fast Money" trader Guy Adami gets people's take on whether they prefer Under Armour or Nike after Kevin Durant dissed Under Armour.
Sporting Goods Expert: No Relief Yet For Athletic Retailers
Wed, 30 Aug 2017 17:57:00 +0000
From Foot Locker (FL) to Dick's Sporting Goods (DKS) , it’s been a rough earnings season for athletic retailers. SunTrust Robinson Humphrey’s David Magee and Mitch Van Zelfden recently chatted with John Horan, the founder and publisher of Sporting Goods Intelligence, a well-respected industry publication, to get his perspective on the dramatic shift in the industry.
NBA star Kevin Durant slams Under Armour, and stock takes a dive
Wed, 30 Aug 2017 17:27:11 +0000
When NBA star Kevin Durant talks, investors listen. At least they did Tuesday, as shares of Under Armour Inc. tumbled 3% after Durant trash-talked the brand on a popular podcast.
Kevin Durant takes a shot at Under Armour
Wed, 30 Aug 2017 17:24:00 +0000
The "Power Lunch" desk discusses Golden State Warrior Kevin Durant expressing his distaste for Under Armour.
[$$] US footwear: fit to be tied
Wed, 30 Aug 2017 17:19:34 +0000
In an iconic ad from Nike in the 1980s, a young Spike Lee declares, “It must be the shoes” explaining Michael Jordan's mad basketball skills. Three decades later, Air Jordans are still a best …
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