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Nike Inc -Cl B Bearish Moving Average Crossover Alert (NKE)

By Nick Russo

Nike Inc -Cl B (NYSE:NKE) shares have crossed bearishly below their 10-day moving average of $86.54 on a volume of 4.2 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Nike Inc -Cl B share prices have moved between a 52-week high of $88.59 and a 52-week low of $63.21 and are now trading 33% above that low price at $84.32 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has risen 0.4%.

SmarTrend recommended that subscribers consider buying shares of Nike Inc -Cl B on December 31st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $73.99. Since that recommendation, shares of Nike Inc -Cl B have risen 18.9%. We continue to monitor NKE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses nike inc -cl b

Ticker(s): NKE