Nike (NKE) Offering Possible 17.79% Return Over the Next 24 Calendar Days

Nike's most recent trend suggests a bearish bias. One trading opportunity on Nike is a Bear Call Spread using a strike $135.00 short call and a strike $145.00 long call offers a potential 17.79% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $135.00 by expiration. The full premium credit of $1.51 would be kept by the premium seller. The risk of $8.49 would be incurred if the stock rose above the $145.00 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 below 20 which suggests that the stock is in oversold territory.

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

Nike, FedEx, Johnson & Johnson, Darden, and Other Stocks for Investors to Watch This Week
Sun, 20 Jun 2021 19:00:00 +0000
Companies speaking with investors this week include Nike, FedEx, Johnson & Johnson, GlaxoSmithKline, and Darden Restaurants. Plus, PMIs, durable goods orders, and personal income and consumption.

Earnings to Watch Next Week: Darden Restaurants, Nike, FedEx and CarMax in Focus
Sun, 20 Jun 2021 07:45:53 +0000
Following is a list of company earnings scheduled for release June 21-25, along with earnings previews for select companies. Next week’s earnings are probably not much significant for major market movements, but it is adequate to gauge investors’ sentiment.

These Are The Best Robinhood Stocks To Buy Or Watch Now
Sun, 20 Jun 2021 05:19:14 +0000
Buying a stock is easy, but purchasing the right stock without a proven strategy is incredibly hard. Here are the best Robinhood stocks to buy now.

Nike Earnings: What to Watch
Sat, 19 Jun 2021 13:59:00 +0000
In its last earnings report, Nike (NYSE: NKE) disappointed investors who were looking for evidence of a powerful growth rebound. Management said that the early 2021 stumble was due to supply chain challenges, which means there should be much better news in Nike's upcoming report. All the ingredients are in place for Nike to announce a head-turning growth figure on Thursday.

Why Nike (NKE) is Poised to Beat Earnings Estimates Again
Fri, 18 Jun 2021 16:10:04 +0000
Nike (NKE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

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