Nike Inc. Class B (NKE Stock) is in a downward trend

AAATrade Team AAATrade

Today’s instrument is the Nike Inc. Class B company traded on the NYSE exchange under the ticker NKE.

Looking at the NKE ‘s chart, we see that it is in a downward trend, and it is traded at the current price of around $97 which is close to its 52w low at around $95.35.

Today if it will manage to keep the price above its support level of around $95.50, then we could see it approaching its resistance level at around $100 and if it breaks it through then it might test its next resistance level at around $102.50.

Author

AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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