Nike fails to hold gains - Analysis - 14-08-2017

Nike's stock (NKE) fell in the intraday levels, recording a new loss of 0.17% in the last session, or 0.10 points, as the stock seeks a bottom to bounce it higher anew, amid negative signals from relative power indicators, with positive pressure from the 50-day SMA, as the stock gets buoyed by exiting a descending price channel that limited recent trading. 

Therefore we expect the stock to return higher, targeting the resistance of 60.33.