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Nike Inc -Cl B Set to Possibly Pullback After Yesterday's Rally of 1.18%

By Amy Schwartz

Nike Inc -Cl B (NYSE:NKE) traded in a range yesterday that spanned from a low of $84.70 to a high of $85.00. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $84.43 on volume of 2.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Nike Inc -Cl B have traded between a low of $66.53 and a high of $90.00 and are now at $84.93, which is 28% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

SmarTrend is monitoring the recent change of momentum in Nike Inc -Cl B. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Nike Inc -Cl B in search of a potential trend change.

Keywords: rebounders nike inc -cl b

Ticker(s): NKE