Nike's stock (NKE) returned lower in the intraday levels, recording a loss of 0.36% in the last session, or 0.19 points, as the stock trades within a descending price channel that limited recent trading, with negative pressure from the 50-day SMA. 

Therefore we expect more losses for the stock, as long as the resistance of 53.76 holds on, targeting the support of 50.81 anew.