Nike (NKE) Offering Possible 5.71% Return Over the Next 18 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 5.71% return on risk over the next 18 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 $0.27 would be kept by the premium seller. The risk of $4.73 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 54.74 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

New Apple software could be just as exciting as new gadgets
Tue, 03 Jun 2014 19:47:21 GMT

Ronaldo World Cup Ad Goes Global as Web Starts to Trump TV
Tue, 03 Jun 2014 13:48:37 GMT

Ronaldo Fans Serve Up 78M Social Media ad Views
Tue, 03 Jun 2014 12:57:54 GMT

Sneakers: Nike doing ‘exceptionally well'
Tue, 03 Jun 2014 09:20:00 GMT

Apple unwraps ‘Healthkit' alongside Mac, iPhone features
Tue, 03 Jun 2014 02:29:46 GMT

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