Nike (NKE) Offering Possible 11.36% Return Over the Next 16 Calendar Days

Nike's most recent trend suggests a bearish bias. One trading opportunity on Nike is a Bear Call Spread using a strike $54.50 short call and a strike $59.50 long call offers a potential 11.36% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $54.50 by expiration. The full premium credit of $0.51 would be kept by the premium seller. The risk of $4.49 would be incurred if the stock rose above the $59.50 long call strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Nike is bullish and the probability of a rise 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 20.91 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

Shares of Foot Locker, Nike down amid Finish Line profit warning
Mon, 28 Aug 2017 22:02:42 +0000
Shares of Foot Locker Inc. fell more than 2% late Monday after competitor Finish Line Inc. warned of lower profits. Shares of Nike Inc. were down 1.4% in late trading. Both stocks ended the regular session …

Here's What's Dragging Down Nike, Under Armour Shares After Hours
Mon, 28 Aug 2017 21:04:52 +0000
Sporting goods retailer Finish Line late Monday slashed its full-year profit and same-store sales outlook.

Don’t Buy the Dip in Under Armour Inc (UAA) Stock
Mon, 28 Aug 2017 18:14:30 +0000
August has not been kind to the athletic retail world. Going down with it is Under Armour Inc (NYSE:UAA) stock, which is down more than 1.5% today and roughly 13% over the past month.Source: Shutterstock

Jefferies Explains Cautious Nike Thesis
Mon, 28 Aug 2017 11:13:02 +0000
Analysts at Jefferies downgraded their rating on Nike Inc (NYSE: NKE ) from Buy to Hold on Aug. 21  under the assumption that the competitive landscape in the athletic footwear business will make incremental …

See what the IHS Markit Score report has to say about Nike Inc.
Fri, 25 Aug 2017 12:01:14 +0000
Nike Inc NYSE:NKE

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