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Next Support Level for Nike Inc -Cl B (NKE) is $87.62

By Nick Russo

Shares of Nike Inc -Cl B (NYSE:NKE) opened today below their pivot of $89.51 and have already reached the first level of support at $88.76. Analysts will be watching for a cross of the next downside pivot targets of $87.62 and $85.73.

Nike Inc -Cl B (NYSE:NKE) has potential upside of 0.0% based on a current price of $0.00 and analysts' consensus price target of $71.51. The stock should find initial resistance at its 50-day moving average (MA) of $86.85 and further resistance at its 200-day MA of $90.68.

In the past 52 weeks, Nike Inc -Cl B share prices have been bracketed by a current low of $0.00 and a high of $105.62 and are now at $0.00. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.4%.

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