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

By Nick Russo

Nike Inc -Cl B (NYSE:NKE) shares have crossed bullishly above their 10-day moving average of $81.43 on a volume of 1.3 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher 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 $81.86, which is 23% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Nike Inc -Cl B on August 1st, 2019 by issuing a Downtrend alert when the shares were trading at $84.74. Since that call, shares of Nike Inc -Cl B have fallen 5.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses nike inc -cl b

Ticker(s): NKE