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Watch for Shares of Nike Inc -Cl B (NKE) to Approach Resistance at $78.33

By James Quinn

Nike Inc -Cl B (NYSE:NKE) has opened bullishly above the pivot of $75.16 today and has reached the first level of resistance at $76.42. Should the shares continue to rise, the resistance pivots of $78.33 and $81.50 will be of interest.

Nike Inc -Cl B (NYSE:NKE) is currently priced 5.6% above its average consensus analyst price target of $71.51. The stock should find resistance at its 50-day moving average (MA) of $81.71, as well as support at its 200-day MA of $72.51.

In the past 52 weeks, shares of Nike Inc -Cl B have traded between a low of $50.35 and a high of $86.04 and are now at $75.78, which is 50% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has remained constant.

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: pivot alerts nike inc -cl b

Ticker(s): NKE