NIKE, Inc. (NYSE:NKE)
NIKE, Inc. (NYSE:NKE)
Technical Features:
A: Uptrend.
B: Long-term support at $70.
C: Short-term support at $80.
D: Resistance at $90.
Technical Analysis:
NKE uptrend (A) is having serious problems with resistance (D) in the $90 to $95 range. If NKE breaks support (C) at $80, sell with an expectation of a drop to long-term support (B) at $70. If support (B) at $70 breaks, expect a test of the 2009 lows around $40.
Summary: Hold.
