59.1950
Change
0.6650
Change %
1.1362%
Open
58.5300
Close
57.2200
High
59.5300
Low
58.3800
Nike deepens losses - Analysis - 19-05-2017
2017-05-19 12:07:12 GMT (Economies.com)
Nike deepens losses - Analysis - 19-05-2017
 

Nike's stock (NKE) fell in the intraday levels, recording a new loss of 0.23% in the last session, or 0.12 points, amid the dominance of the downward correctional short-term trend, with negative pressure from the 50-day SMA, coupled with a noticeable rise in trading volumes, and negative signals from relative power indicators.

 

Therefore we expect more losses for the stock, targeting the support of 50.77, which represents the ratio 78.6% of Fibonacci retracement levels for an ascending wave in the medium term (from 45.39 to 68.19). 

 
 
 
  Symbol Last Change Chg.%
1.1791
0.0128
1.0983%
1.3216
0.0053
0.4011%
17.313
0.422
2.501%
56.635
-0.230
0.405%
62.71
1.35
2.20%
1294.360
18.690
1.465%
 
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