NIKE INC
(NKE-NYSE):
Technical Viewpoint: From a low
of $38.20 on May 11, 2001 prices
rallied, reaching a
high of $45.74
on May 22, 2001. A
decline saw prices pull back, reaching a
low of
$40.57 on Jun 15, 2001.
Another rally saw prices penetrate
resistance, closing 6/22/01
at $44.55. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 16, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $42.00. Resistance: Is at $45.74.
Point & Figure: Reversed to the upside on Jun 20, 2001. A P&F upside
reversal takes place at $43.00. Summary: Technical indicators have turned bullish. BUY! NIKE INC
(NKE-NYSE) @ $44.75 Stop: Use a protective stop of $42.12.
NIKE INC is currently trading @ $44.55 plus $1.02 on Jun 22, 2001. Price Objective:
$56.00. Risk/Reward: $2.63 VS. $11.25. 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:
$56.00
Risk/Reward:
$2.63 VS. $11.25
Risk/Reward Ratio:
4:1
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