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SmarTrend Watching for Potential Pullback in Shares of Nike Inc -Cl B After 1.18% Gain

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.

Nike Inc -Cl B share prices have moved between a 52-week high of $90.00 and a 52-week low of $66.53 and are now trading 28% above that low price at $84.93 per share. The 200-day and 50-day moving averages have moved 0.11% higher and 0.19% lower over the past week, respectively.

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