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Look for Shares of Nike Inc -Cl B to Potentially Rebound after Yesterday's 2.64% Sell Off

By Amy Schwartz

Nike Inc -Cl B (NYSE:NKE) traded in a range yesterday that spanned from a low of $86.33 to a high of $87.74. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $88.15 on volume of 2.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Nike Inc -Cl B have traded between the current low of $0.00 and a high of $105.62 and are now at $0.00. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

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: rebounders nike inc -cl b

Ticker(s): NKE