NIKE INC
(NKE-NYSE):
Technical Viewpoint: From a low
of $36 3/8 on Oct 23, 2000 prices
rallied, reaching a
high of $44.94
on Nov 8, 2000. A
decline saw prices pull back, reaching a
low of
$40 1/4 on Dec 7, 2000.
Another rally saw prices penetrate
resistance, closing 12/14/00
at $48.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 12, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $45 5/8. Resistance: Is at $48 3/4.
Point & Figure: Reversed to the upside on Dec 8, 2000. A P&F upside
reversal takes place at $45 3/4. Summary: Technical indicators have turned bullish. BUY! NIKE INC
(NKE-NYSE) @ $48 1/8 Stop: Use a protective stop of $45 3/8.
NIKE INC is currently trading @ $48.00 plus $2.94 on Dec 14, 2000. Price Objective:
$62.00. Risk/Reward: $2 3/4 VS. $13 7/8. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$62.00
Risk/Reward:
$2 3/4 VS. $13 7/8
Risk/Reward Ratio:
5:1
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