Nike surrounded with positive signals - Analysis - 21-03-2018

Nike's stock (NKE) rose in the intraday levels, scoring a new profit of 1.66% in the last session, or 1.09 points, after leaning on the support of the 50-day SMA, with positive signals from the RSI, coupled with the dominance of the main upward short-term trend. 

Therefore we expect more gains for the stock, as long as the support of 65.19 holds on, targeting the important resistance of 70.25.