American Stocks Analysis
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 collects profits - Analysis - 28-10-2021
Economies.com
2021-10-28 10:57AM UTC
Nike's stock (NKE) fell 0.88% in the last session on profit-taking, while gathering positive momentum to help it rise anew and vent off overbought saturation in the RSI, with positive support from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the pivotal resistance of 174.00, provided the support of 160.20 holds on.
Expected trend for today: Bullish
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