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) kept rising in the intraday levels, scoring a fresh profit of 0.42% in the last session, or 0.26 points, amid positive support from the 50-day SMA, with positive signals from the RSI, settling thereafter above 60.87, a level that represents the ratio 61.8% of Fibonacci retracement levels for a descending wave in the medium term (from 49.01 to 68.19).
Therefore we expect more gains for the stock, targeting the resistance of 63.67, which represents the ratio 76.4% of the same retracement levels, as long as the support of 60.87 holds on.