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) returned higher with a 0.54% profit amid the dominance of the main upward trend in the medium and short terms, with positive support from the 50-day SMA, countered with negative signals from the RSI after reaching overbought levels.
Therefore we expect more gains for the stock, targeting the resistance of 170.00, provided it holds above 161.65.
Expected trend for today: Bullish