Nike Offering Possible 10.38% Return Over the Next 30 Calendar Days

Nike's most recent trend suggests a bearish bias. One trading opportunity on Nike is a Bear Call Spread using a strike $75.00 short call and a strike $80.00 long call offers a potential 10.38% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $75.00 by expiration. The full premium credit of $0.47 would be kept by the premium seller. The risk of $4.53 would be incurred if the stock rose above the $80.00 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

Under Armour Stock Ready For Boost With Notre Dame, Winter Olympics And Johnny Manziel
Thu, 23 Jan 2014 22:35:50 GMT
Seeking Alpha – Under Armour ( UA ) shares continue to trend up as the company's high doubled digit growth is being recognized by investors. The company trades with a higher price to sales and price to earnings than larger …

Adidas Pulls the Pseudo-Scarcity Trick With Stan Smith Sneakers
Thu, 23 Jan 2014 21:37:34 GMT
BusinessWeek – Plus, if it’s marketed correctly, classic footwear becomes a story and a symbol—something at least a little bit greater than a product itself. Wilson can’t offer the same tennis racquet that it made in 1964, but Stan Smiths still basically sell themselves. What’s more, Adidas executives executed their Stan Smith strategy as flawlessly as a Bjorn Borg drop shot. Then Adidas gave the sneakerheads a little something extra to get excited about. Adidas did, in fact, start making the tennis shoe in the mid-1960s but it didn’t tie them to Smith until 1971, the year the he won the U.S. Open.

Tech and Consumer Earnings Dominate Headlines
Thu, 23 Jan 2014 12:29:00 GMT
TheStreet – Thursday is a big earnings day, with numbers coming out from Microsoft, Starbucks and McDonald's. Plus, a pick from Jim Cramer. Jonathan Marino reports from the Nasdaq Marketsite.

Jim Cramer & Stephanie Link: Game On for Retailers
Thu, 23 Jan 2014 10:00:00 GMT
TheStreet – Jim Cramer and Stephanie Link are starting to see the retail sector become “overkilled” and they say this is the time to look at higher-quality names in the retail group.

Costco, Nike, and Starbucks: Buying Dividend Growth Stocks in an Early Stage
Wed, 22 Jan 2014 21:10:10 GMT
Motley Fool – Are you missing these under-the-radar dividend growth companies?

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