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Nike Inc -Cl B: The Winning Streak Continues (NKE)

By David Diaz

Nike Inc -Cl B (NYSE:NKE) traded today at a new 52-week high of $88.55. Approximately 612,000 shares have changed hands today, as compared to an average 30-day volume of 5.5 million shares.

Nike Inc -Cl B share prices have moved between a 52-week high of $88.55 and a 52-week low of $63.21 and are now trading 39% above that low price at $87.75 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.0%.

NIKE, Inc. designs, develops, and markets athletic footwear, apparel, equipment, and accessory products for men, women, and children. The Company sells its products worldwide to retail stores, through its own stores, subsidiaries, and distributors.

Nike Inc -Cl B (NYSE:NKE) is currently priced 18.5% above its average consensus analyst price target of $71.51. Nike Inc -Cl B shares have support at the 50-day moving average (MA) of $82.48 and additional support at the 200-day MA of $78.37.

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 18.7%. We continue to monitor NKE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows nike inc -cl b

Ticker(s): NKE