Nike's most recent trend suggests a bearish bias. One trading opportunity on Nike is a Bear Call Spread using a strike $77.50 short call and a strike $82.50 long call offers a potential 13.9% return on risk over the next 39 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $77.50 by expiration. The full premium credit of $0.61 would be kept by the premium seller. The risk of $4.39 would be incurred if the stock rose above the $82.50 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 31.97 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Nike
Why This News Means Under Armour May Finally Be Ready to Tackle Nike
Tue, 14 Jan 2014 23:02:54 GMT
Motley Fool – With the news circulating that Under Armour and Notre Dame will be reaching an agreement, the Motley Fool takes a look at what the contract may mean.
Lululemon to polish tarnished image after “wake-up call”
Tue, 14 Jan 2014 22:17:25 GMT
Reuters – After a year of bungled public relations and messy quality and supply-chain troubles, Lululemon Athletica Inc is committed to fixing the problems that have marred its trendy image, a top executive at the …
Insider Trading Alert – NKE, APOL, FB, N And HOV Traded By Insiders
Tue, 14 Jan 2014 15:46:00 GMT
TheStreet – Stocks with insider trader activity include NKE, APOL, FB, N and HOV
US close: Markets suffer heavy falls ahead of earnings
Tue, 14 Jan 2014 07:15:00 GMT
Earnings season kicks off
Mon, 13 Jan 2014 20:44:00 GMT
CNBC – CNBC's Seema Mody looks at current market trends and shows where experts are putting their money.
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