Nike Inc (NKE) “On a long-term technical basis, the stock (NKE) is trading above its 200-day moving average which generally implies it is in a positive trend.

The stock has support at 110.21 and 104.69. If the stock breaks down through support at 110.21 then it will probably continue lower to 104.69. The stock will meet resistance at 130.44 and 143.95. If the stock breaks up through resistance at 130.44 then it will probably continue higher to 143.95. The 200-day moving average is at 97.10. This will also act as support. The stock is neutral according to the Stochastic Indicator (63.85).”

Nike Inc (NKE) “On a long-term technical basis, the stock (NKE) is trading above its 200-day moving average which generally implies it is in a positive trend.

The stock has support at 93.44 and 86.86. If the stock breaks down through support at 93.44 then it will probably continue lower to 86.86. The stock has resistance at 93.97 and at 104.69. If the stock breaks up through resistance at 93.97 then it will probably continue higher to 104.69. The 200-day moving average is at 92.90. This will also act as support. However, the stock has broken out of its long-term downtrend according to the fibonacci fan, which is significant. If the stock can form new support above 93.44 look for a rally to previous highs. The stock is neutral according to the Stochastic Indicator (49.50).”