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After Yesterday's Rally of 2.51% Shares Could Potentially Pullback

By David Diaz

Nike Inc -Cl B (NYSE:NKE) traded in a range yesterday that spanned from a low of $69.62 to a high of $71.29. Yesterday, the shares gained 2.5%, which took the trading range above the 3-day high of $69.52 on volume of 5.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

Nike Inc -Cl B share prices have moved between a 52-week high of $71.29 and a 52-week low of $49.01 and are now trading 45% above that low price at $71.15 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Keywords: rebounders nike inc -cl b

Ticker(s): NKE