Nike muscles up amid negative pressures - Analysis - 26-05-2017

Nike's stock (NKE) rose in the intraday levels, scoring a profit of 0.65% in the last session, or 0.34 points, while getting hurt by exiting an ascending price channel recently, with negative pressure from the 50-day SMA, countered by positive signals from relative power indicators. 

Therefore we expect the stock to return lower, targeting the pivotal support of 49.01, as long as the resistance of 53.76 holds on.