Nike (NKE) Offering Possible 11.86% Return Over the Next 8 Calendar Days

Nike's most recent trend suggests a bearish bias. One trading opportunity on Nike is a Bear Call Spread using a strike $77.50 short call and a strike $82.50 long call offers a potential 11.86% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $77.50 by expiration. The full premium credit of $0.53 would be kept by the premium seller. The risk of $4.47 would be incurred if the stock rose above the $82.50 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 62.78 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

Earnings growth urgently needed to extend bull run
Mon, 14 Jul 2014 10:03:37 GMT
Financial Times – Equity investors challenged over record high equity prices and lofty valuations have a trump card: US companies are highly profitable and the trend has momentum. The latest quarterly check up for US companies …

Will Nike Help Apple, Inc. Revolutionize Wearables With the iWatch?
Mon, 14 Jul 2014 04:38:54 GMT

The All-German World Cup: How to Tell If Adidas Won, Too
Mon, 14 Jul 2014 01:04:03 GMT

Mario Gotze And Nike Beat Lionel Messi And Adidas In World Cup Final
Sun, 13 Jul 2014 23:32:00 GMT

Nike's Risk Everything Soccer Strategy Showing Signs Of Success
Sun, 13 Jul 2014 14:36:00 GMT

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