Nike gathers positive momentum - Analysis - 07-12-2021

Nike's stock (NKE) fell 0.78% in the last session, settling at 168.91, while gathering momentum to recover anew, amid the dominance of the main upward trend in the medium and short terms, with support from the 50-day SMA, coupled with positive signals from the RSI.

Therefore we expect the stock to return higher, targeting the pivotal resistance of 174.25, provided it settles above 166.65.

Expected trend for today: Bullish