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Nike Inc -Cl B Crosses Below its 10-day MA (NKE)

By James Quinn

Nike Inc -Cl B (NYSE:NKE) shares have crossed bearishly below their 10-day moving average of $86.35 on a volume of 939K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Nike Inc -Cl B has traded in a range of $66.53 to $90.00 and is now at $86.04, 29% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.3%.

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