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SmarTrend Watching for Potential Rebound in Shares of Nike Inc -Cl B After 2.64% Loss

By Shiri Gupta

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.

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. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Keywords: rebounders nike inc -cl b

Ticker(s): NKE