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Stock Pick of the Day - Nike Inc.
Mar 19, 2010

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Larry Swing

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Stock Pick of the Day

Nike Inc)

Closing Price: $74.66

RSI: 92.52

MACD: 1.51

Nike Inc) set a new 52-week high on Thursday after a gap-up opening after the earnings of athletic shoe and clothing company beat street expectations. An analyst simultaneously raised expectations after the upbeat earnings posted by Nike Inc. (NKE) following its third-quarter results.Shares gained 5.33% by closing on Thursday, to $74.66 on heavy volumes.

Nike Inc. (NKE) continues to move with a higher top and higher bottom pattern. Traders could go long in Nike Inc. (NKE), as it is poised for a breakout above $75.

 

...thanks for the trust you've shown in me and my business.

by Larry Swing
larry@mrswing.com
May the swing be with you...

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C:105.9300

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