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After Yesterday's Decline of 2.18%, Nike Inc -Cl B Offers Investors Better Value

By David Diaz

Nike Inc -Cl B (NYSE:NKE) traded in a range yesterday that spanned from a low of $91.31 to a high of $92.50. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $93.06 on volume of 2.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Nike Inc -Cl B has traded in a range of $66.53 to $96.87 and is now at $92.47, 39% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Nike Inc -Cl B and will alert subscribers who have NKE in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders nike inc -cl b

Ticker(s): NKE