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

By James Quinn

Today, shares of Nike Inc -Cl B (NYSE:NKE) have crossed bearishly below their 10-day moving average of $83.42 on a volume of 1.7 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.

In the past 52 weeks, shares of Nike Inc -Cl B have traded between a low of $66.53 and a high of $90.00 and are now at $82.93, which is 25% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.2%.

SmarTrend is monitoring the recent change of momentum in Nike Inc -Cl B. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Nike Inc -Cl B in search of a potential trend change.

Keywords: moving crosses nike inc -cl b

Ticker(s): NKE