Nike extends gains - Analysis - 22-05-2018

Economies.com
2018-05-22 13:03PM UTC

Nike's stock (NKE) rose in the intraday levels, scoring a profit of 0.08% in the last session, or 0.06 points, amid positive support from the 50-day SMA, while getting buoyed by a positive pattern that formed in the short term, the Symmetrical Triangle pattern, with positive signals from the RSI. 

 

Therefore we expect more gains for the stock, targeting the resistance of 74.56, as long as the support of 70.25 holds on. 

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