Nike (NKE) Offering Possible 38.12% Return Over the Next 7 Calendar Days

Nike's most recent trend suggests a bearish bias. One trading opportunity on Nike is a Bear Call Spread using a strike $150.00 short call and a strike $155.00 long call offers a potential 38.12% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $150.00 by expiration. The full premium credit of $1.38 would be kept by the premium seller. The risk of $3.62 would be incurred if the stock rose above the $155.00 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 33.86 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

Nike investors won’t force company to show results of diversity efforts
Wed, 06 Oct 2021 19:55:00 +0000
Nike Inc. shareholders on Wednesday rejected a shareholder proposal asking the company to report on the effectiveness of its diversity, equity and inclusion programs, according to the group who sought the change.

What teens want: Nike gear, Chipotle burritos and Snapchat
Wed, 06 Oct 2021 18:58:00 +0000
A new survey looks at how 10,000 U.S. teenagers spend their time and money, and it's more bad news for Facebook

5 Dow Jones Stocks To Buy And Watch In October 2021: American Express, Apple Sell Off
Wed, 06 Oct 2021 15:31:33 +0000
The Dow Jones Industrial Average sold off sharply at the end of September and into October, as a stock market correction took hold. The best Dow Jones stocks to buy and watch in October 2021 are American Express, Apple, Goldman Sachs, Merck and Microsoft.

Teens Are Buying More Clothes. Nike Remains the Top Brand
Wed, 06 Oct 2021 13:15:00 +0000
A new Piper Sandler study shows buying clothes is the priority for teenagers for the first time since 2014, edging out food.

Bed Bath & Beyond Just Proved How Very, Very Broken Retailers' Supply Chains Are
Wed, 06 Oct 2021 13:00:00 +0000
A wide array of names, from Nike to Dollar Tree to Kohl's, have already waved similar red flags.

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