63.4700
Change
-1.3200
Change %
2.0374%
Open
64.7900
Close
64.6350
High
65.3600
Low
63.4350
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.%
1.2268
0.0068
0.5598%
1.3796
0.0067
0.4913%
17.226
-0.025
0.148%
63.760
-0.695
1.078%
69.22
-1.04
1.48%
1339.500
1.050
0.078%
 
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