NKE is showing a classic Bearish Flag. Don't miss the move.
Bearish continuation if preceding move was down.
Traders are watching Nike, Inc. (NKE) as price action tightens. The stock is trading at $41.7, up 1.73% on the day. The primary technical feature is a Bearish Flag formation. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $40.69, targeting $33.46 with support near $44.98 (R:R 1.68).
What is your outlook on NKE?