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NIKE INCORPORATED
(NKE-NYSE):
Technical Viewpoint: From a low
of $51.84 on Dec 18, 2001 prices
rallied, reaching a
high of $58.49
on Jan 4, 2002. A
decline saw prices pull back, reaching a
low of
$54.60 on Jan 14, 2002.
Another rally saw prices penetrate
resistance, closing 1/30/02
at $61.00. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Jan 15, 2002 when the solid line crossed the dotted line to the upside.
Support: Remains at $57.25. Resistance: Is at $65.00.
Point & Figure: Reversed to the upside on Jan 30, 2002. A P&F upside
reversal takes place at $59.50. Summary: Technical indicators have turned bullish. BUY! NIKE INCORPORATED
(NKE-NYSE) @ $61.13 Stop: Use a protective stop of $58.63.
NIKE INCORPORATED is currently trading @ $61.00 plus $3.20 on Jan 30, 2002. Price Objective:
$72.00. Risk/Reward: $2.50 VS. $10.88. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$72.00
Risk/Reward:
$2.50 VS. $10.88
Risk/Reward Ratio:
4:1
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