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

By Nick Russo

Today, shares of Nike Inc -Cl B (NYSE:NKE) have advanced above their 10-day MA of $74.30 on a volume of 660K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Nike Inc -Cl B share prices have moved between a 52-week high of $75.91 and a 52-week low of $50.35 and are now trading 49% above that low price at $74.92 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.5%.

SmarTrend recommended that subscribers consider buying shares of Nike Inc -Cl B on April 5th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $69.09. Since that recommendation, shares of Nike Inc -Cl B have risen 7.3%. 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