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NIKE INCNN

NIKE INC

242,600COPD
−2.32%
At close at Apr 25, 22:01 GMT
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NKE trade ideas

NKE in a New Range?In the trading session following the release of their Q1'20 ER on September 24, 2019, NKE closed at $90.81, finally pushing through that resistance level around $89. Although a little choppy, shares rose higher in the first half of October until Mark Parker, the 13-year CEO and 40-year employee of Nike, announced that he was stepping down on October 22, 2019. This sent NKE lower and left it hovering around that $89ish level for ~2 weeks, using this level as support. However, since mid-November, shares have been soaring and seemingly broken through some important resistance levels. Although NKE experienced a small sell off, shares seemed to get strong support at that lower line drawn in the chart and worked its way back up to $100/share only to close just shy of that level ($99.96). It seems that NKE has some serious room to run into the end of the year, especially considering were in the midst of the holiday season and I think we could see the shares perform very well into the start of 2020.
NLong
by mgalf
NIKE: Strong Resistance and Sell OpportunityThe price reached a strong resistance zone formed by the uptrend line, the upper Bollinger Band, and 100.00 round number level. RSI reached the overbought zone, and it will be able to confirm the price reversal by a solid signal. If you have the opportunity to sell this share, it is possible to do with entry level below the low of the 1st bearish candle and stop orders above 100.00 resistance. Profit targets should be placed based on MA with 100 and 200 periods. Of course, all trades must be done in agreement with proper money management.
NShort
by DLavrov
2
NKE - DAILY CHARTHi, today we are going to talk about Nike and its current landscape. Nike is poised to receive increasing attention from the market as relevant events are taking place. The company reports its earnings on Thursday after the market had closed. With a strong year, this report could be a Nike event to continue its momentum, also after the company has stopped selling its products on Amazon, Nike has been able to thrive as a direct to consumer brand, which can help the company improve its performance for further quarters next year. Thank you for reading and leave your comments if you like. To have access to our exclusive contents, join the Traders Heaven today! Link Below. Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.
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by Igor-Silva
History is a guide, NKE needs to dropFrom Nike's history we see that almost all gaps get filled on this stock. Three randomly chosen shaded horizontal rectangles represent three gaps (there are many more) that all got filled eventually. Recently price action has been "sloppy" with wide gaps being made which will surely be filled sooner or later, there is also one at 84.83 which I have labeled which never got filled. Further we see that a recent Cup and Handle that has formed has almost reached it's target price in the low 98s and I will probably be shorting there unless there is strong volume supporting any move higher. Last but not least from the angled trend lines we see relatively string divergence indicating that institutional investors are more likely than not disposing of the stock. Earnings on Dec. 19th will be interesting. Please leave any comments or ask questions.
NShort
by TNasr
NKESystem T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk/Reward Ratio 1:2, 20 Years of Backtesting Data, Over 100 Markets. * Click Like and Follow to Support My Work! --- Hi Traders, I'd like to introduce the System T, a computerized trading system that analyzed and backtested the 20 years history data of over 100 markets. This post is my sharing of how I think about systematic trading and the signals generated by the System T. (This is my opinion only, NOT the financial advice.) I think that for the system to open a trade and manage risk, it only needs a buy signal & a stop-loss signal clearly on the chart. Once the system finds a good trend, it will ride it as long as possible. The stop-loss will be adjusted accordingly to the new price movement. (Remember to follow this trade idea and follow my profile to get updates about the stop-loss adjustment and sell signal based on the latest price and market conditions daily.) System T performances above will give you an idea of how it performs in the last 20 years. Notice that this result was achieved only if I strictly followed the rule: "Only and Always Buy & Sell based on the System Signals". Don't sell when there is no sell signal as we all want to follow the good trends til the end like everything in life does. \(^-^)/ Also, my system is extremely diversified through over 100 markets so that it only risks less than -1% of the total capital per trade. Thank you and good luck! --- DISCLAIMER: I am NOT a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument. My views are general in nature and I am not giving financial advice. You should not take my opinion as financial advice. This is my opinion only. Do your own due diligence, and take 100% responsibility for your financial decisions. Trading and investing are risky! Don't invest money you can't afford to lose, because many traders and investors lose money. There are no guarantees or certainties in trading. - Content is for education purposes only, not investment advice. - Trading involves a high degree of risk. - We’re not investment or trading advisers. - Nothing we say is a recommendation to buy or sell anything. - There are no guarantees or certainties in trading. - Many traders lose money. Don’t trade with money you can’t afford to lose.
NLong
by System_T
$NKE Amazon drops and Nike rises. Entry level $94.75 = Target price $102 = Stop loss $94.75 Looks like investors like the move by NIKE to break up the retail partnership with AMZN, they will continue the cloud partnership. NIKE direct to customer will improve margins considerably. P/E ratio 35 (high) Company Profile NIKE, Inc. engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. It operates through the following segments: North America; Europe, Middle East & Africa; Greater China; Asia Pacific & Latin America; Global Brand Divisions; Converse; and Corporate. The North America; Europe, Middle East & Africa; Greater China; and Asia Pacific & Latin America segments refers to the design, development, marketing, and selling of athletic footwear, apparel, and equipment. The Global Brand Divisions represents NIKE Brand licensing businesses. The Converse segment designs, markets, licenses, and sells casual sneakers, apparel, and accessories. The Corporate segment consists of unallocated general and administrative expenses. The company was founded by William Jay Bowerman and Philip H. Knight in 1964 and is headquartered in Beaverton, OR.
NLong
by Bullishcharts