Nike stock trades on the New York Stock Exchange under the symbol NKE. This is Nike Stock analysis as of May 18. The Stock today is down 2% and showing signs of further selling pressure.
Here are the trade ideas I am considering as the stock continues to fall. I though just a few days ago that Nike Stock may have bottomed. It is showing signs that the bottom may be a bit lower than originally thought.
Nike Stock Analysis (NKE)
The three-month Nike Stock chart below shows the decline that is in progress. I had thought the stock would hold the $57.50 valuation. It may still but the last several days Nike Stock has continued to move lower.
You can see in the chart the pattern of lower highs. This has been ongoing in the stock since last fall. The stock is nearing the $55 valuation where it rebounded strongly back in February. The question is whether Nike Stock can repeat such a recovery.
Even that recovery though did not break through the latest high of $67.50 from late in 2015. This has kept every rally suspect in Nike Stock.
Nike Stock Analysis (NKE) – Trade Ideas
The rest of this article is for FullyInformed Members as I look at a number of trade ideas for Nike Stock (NKE) as the stock continues under pressure.
FullyInformed Members can review the latest Nike Stock (NKE) trade ideas through this link or they can sign in to the full members site here. Non-members can join here or read about the benefits of being a member.
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.