Last year I did a number of trades on Nike stock but by the fall the stock was overvalued and I was only doing a few trades on dips. Nike stock trades under the symbol NKE.
The uptrend in Nike stock appears to be at an end, at least for the present time. If the global economies are slowing than it makes sense that revenue would drop off for companies like Nike.
This trade alert contains an outline as to my plan going forward and why I entered this trade today, despite the overall market conditions and the continuing weakness in the stock.
Nike Stock (NKE) Trade Alert -Feb 2 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.