Nike (NKE) Offering Possible 7.3% Return Over the Next 11 Calendar Days

Nike's most recent trend suggests a bearish bias. One trading opportunity on Nike is a Bear Call Spread using a strike $90.00 short call and a strike $95.00 long call offers a potential 7.3% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $90.00 by expiration. The full premium credit of $0.34 would be kept by the premium seller. The risk of $4.66 would be incurred if the stock rose above the $95.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Nike is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Nike is bearish.

The RSI indicator is at 65.89 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Nike

President of NIKE Golf Cindy Davis Retires
Tue, 07 Oct 2014 21:42:00 GMT
Business Wire – NIKE, Inc. announced today that Cindy Davis, President of NIKE Golf, plans to retire from NIKE. Davis joined NIKE Golf USA as General Manager and has served as President

NIKE INC Files SEC form 10-Q, Quarterly Report
Tue, 07 Oct 2014 20:58:06 GMT

2014 holiday stock picks
Tue, 07 Oct 2014 19:27:00 GMT

2014 holiday stock picks
Tue, 07 Oct 2014 19:27:00 GMT
CNBC – Greg Melich, ISI Group, and Dana Telsey, Telsey Advisory Group, provide their outlook for the holiday season and reveal their top shopping picks.

2014 All-American Research Team
Tue, 07 Oct 2014 16:41:00 GMT

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