• Return to Headlines

SmarTrend Watching for Potential Rebound in Shares of Nike Inc -Cl B After 1.37% Loss

By James Quinn

Nike Inc -Cl B (NYSE:NKE) traded in a range yesterday that spanned from a low of $86.50 to a high of $87.38. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $87.31 on volume of 3.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Over the past year, Nike Inc -Cl Bhas traded in a range of $0.00 to $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 declined 1.4%.

Keywords: rebounders nike inc -cl b

Ticker(s): NKE