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Oct. 13, 2021, 10:21 a.m. EDT

Nike Inc -Cl B (NKE) Approaches New Upside Target of $154.73

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Oct 13, 2021 (SmarTrend(R) News Watch via COMTEX) -- Nike Inc -Cl B /zigman2/quotes/203439053/composite NKE -2.33% has opened bullishly above the pivot of $152.62 today and has reached the first level of resistance at $153.95. Should the shares continue to rise, the resistance pivots of $154.73 and $156.84 will be of interest.

Nike Inc -Cl B /zigman2/quotes/203439053/composite NKE -2.33% defies analysts with a current price ($153.35) 53.4% above its average consensus price target of $71.51. The stock should find resistance at its 50-day moving average (MA) of $161.26, as well as support at its 200-day MA of $145.81.

Nike Inc -Cl B share prices have moved between a 52-week high of $174.38 and a 52-week low of $99.89 and are now trading 54% above that low price at $153.35 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Nike Inc -Cl B and will alert subscribers who have NKE in their portfolio or watchlist when shares have changed trend direction.

Write to SmarTrend at cs@mysmartrend.com

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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com

COMTEX_395112831/2187/2021-10-13T10:20:42

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

Copyright, Comtex News Network, Inc. 2021

/zigman2/quotes/203439053/composite
US : U.S.: NYSE
$ 168.02
-4.01 -2.33%
Volume: 4.75M
Nov. 26, 2021 1:10p
P/E Ratio
44.63
Dividend Yield
0.73%
Market Cap
$265.94 billion
Rev. per Employee
$606,999
loading...
/zigman2/quotes/203439053/composite
US : U.S.: NYSE
$ 168.02
-4.01 -2.33%
Volume: 4.75M
Nov. 26, 2021 1:10p
P/E Ratio
44.63
Dividend Yield
0.73%
Market Cap
$265.94 billion
Rev. per Employee
$606,999
loading...

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