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Nike Inc -Cl B (NKE) Breaks Through Resistance at $89.74

By Amy Schwartz

Nike Inc -Cl B (NYSE:NKE) has opened bullishly above the pivot of $89.06 today and has reached the first level of resistance at $89.74. Investors may be interested in a cross of the next upside pivot targets of $90.92 and $92.78.

Potential upside of 0.0% exists for Nike Inc -Cl B, based on a current level of $0.00 and analysts' average consensus price target of $71.51. The stock should find initial resistance at its 50-day moving average (MA) of $83.40 and further resistance at its 200-day MA of $90.68.

Over the past year, Nike Inc -Cl Bhas traded in a range of $0.00 to $105.62 and are now at $0.00. The 200-day and 50-day moving averages have moved 0.02% higher and 0.76% lower over the past week, respectively.

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