Nike Stock – Trade Alert After The Split – Dec 28 2015

Today market the first day of trading in Nike Stock since the 2 for 1 stock split on Dec 24 2015.

I am still bullish on Nike Stock. I entered a trade on Dec 24, the day of the 2:1 stock split and I have entered a smaller trade today.

Nike Stock 12 Month Chart

You can see in the chart below the tremendous run-up Nike Stock has had over the past 12 months. Twice this past fall however the stock pushed to new highs only to meet selling resistance. This could be the signal that a top is in place or possibly a temporary top. Often a double top such as you can see in the chart below needs confirmation by seeing a break of the prior low. That would mean a break below $60 could signal that the run-up presently, is over.

Nike Stock Chart 12 Month

Nike Stock Chart 12 Month

Nike Stock (NKE) Trade Alert – Dec 28 2015

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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.

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