Nike (NKE) Offering Possible 14.42% Return Over the Next 27 Calendar Days

Nike's most recent trend suggests a bearish bias. One trading opportunity on Nike is a Bear Call Spread using a strike $80.00 short call and a strike $85.00 long call offers a potential 14.42% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $80.00 by expiration. The full premium credit of $0.63 would be kept by the premium seller. The risk of $4.37 would be incurred if the stock rose above the $85.00 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 23.94 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

Jim Scholefield Leaves Nike for Top Tech and Digital Job at Merck
Thu, 18 Oct 2018 20:56:10 +0000
Jim Scholefield is leaving as Nike Inc.’s global CIO to join Merck & Co. as chief information and digital officer, effective Oct. 29. Mr. Scholefield will lead Merck’s information technology and digital strategy, the pharmaceutical company said in a statement Wednesday.

NIKE Inc (NYSE:NKE): Financial Strength Analysis
Thu, 18 Oct 2018 19:09:38 +0000
Investors looking for stocks with high market liquidity and little debt on the balance sheet should consider NIKE Inc (NYSE:NKE). With a market valuation of US$123.0b, NKE is a safe

Is Nike A Tech Company? Oppenheimer Says A Transformation Is Underway
Thu, 18 Oct 2018 18:32:30 +0000
Few investors consider Nike Inc (NYSE: NKE ) a tech stock, but Oppenheimer said in an upgrade note that a “technological evolution is underway.” The Analyst Oppenheimer's Brian Nagel upgraded …

Is Skechers Stock a Buy Before Earnings?
Thu, 18 Oct 2018 17:43:08 +0000
Skechers (NYSE:SKX) is the forgotten little brother in the athletic apparel game. The chunky/ugly/dad sneaker trend is in, and Skechers is at the forefront of this rising trend. Strong numbers and a strong guide will easily propel SKX stock higher, given that the stock is trading near 52-week lows and at just 15X forward earnings.

Nike to Outperform on ‘Technological Evolution’: Oppenheimer
Thu, 18 Oct 2018 15:20:00 +0000
Bulls expect Nike stock to gain over 17% as the legacy global brand embraces the power of digital to enhance most facets of its business.

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