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Nike Inc -Cl B (NKE) Breaks Through Support at $86.46

By Nick Russo

Nike Inc -Cl B (NYSE:NKE) has opened bearishly below the pivot of $87.23 today and has reached the first level of support at $86.46. Analysts will be watching for a cross of the next downside pivot targets of $85.74 and $84.25.

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. The 200-day and 50-day moving averages have moved 0.01% lower and 1.37% lower over the past week, respectively.

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 $84.38 and further resistance at its 200-day MA of $90.67.

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