Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Nike's stock (NKE) rose in intraday levels, scoring a profit of 0.56% in the last session, or 0.31 points, as the stock tries to recover some past losses, amid ongoing negative pressure from the SMA for the last 50 days period, with an influx of negative signals from relative power indicators, as the stock gets hurt by the Double Top pattern that formed in the short term.
Therefore we expect the stock to return lower in the coming trading, as long as the resistance of 56.02, targeting the support of 53.99.