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

By Amy Schwartz

Shares of Nike Inc -Cl B (NYSE:NKE) traded today at $83.82, breaking its 52-week high. So far today approximately 954,000 shares have been exchanged, as compared to an average 30-day volume of 6.4 million shares.

In the past 52 weeks, shares of Nike Inc -Cl B have traded between a low of $50.35 and a high of $83.82 and are now at $83.82, which is 66% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.5%.

Nike Inc -Cl B (NYSE:NKE) is currently priced 14.7% 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 $79.38 and additional support at the 200-day MA of $70.37.

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.

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 20.1%. 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