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Nike Inc -Cl B (NKE) Breaks Through Resistance at $77.72

By Amy Schwartz

Shares of Nike Inc -Cl B (NYSE:NKE) opened today above their pivot of $77.28 and have already reached the first level of resistance at $77.72. Analysts will be watching for a cross of the next upside pivot targets of $78.09 and $78.90.

In the past 52 weeks, shares of Nike Inc -Cl B have traded between a low of $50.35 and a high of $81.00 and are now at $77.55, which is 54% above that low price. The 200-day and 50-day moving averages have moved 0.56% higher and 0.73% higher over the past week, respectively.

Nike Inc -Cl B (NYSE:NKE) defies analysts with a current price ($77.55) 7.8% above its average consensus price target of $71.51. The stock should find initial support at its 50-day moving average (MA) of $72.74 and further support at its 200-day MA of $64.80.

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: pivot alerts nike inc -cl b

Ticker(s): NKE