Nike's most recent trend suggests a bullish bias. One trading opportunity on Nike is a Bull Put Spread using a strike $75.00 short put and a strike $70.00 long put offers a potential 14.94% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $75.00 by expiration. The full premium credit of $0.65 would be kept by the premium seller. The risk of $4.35 would be incurred if the stock dropped below the $70.00 long put 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 up which suggests that the medium-term momentum for Nike is bullish.
The RSI indicator is above 80 which suggests that the stock is in overbought 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
Breakout Stocks: How We Are Trading Under Armour
Thu, 27 Feb 2014 18:12:00 GMT
How Michael Jordan Made $90 Million In 2013
Thu, 27 Feb 2014 17:00:00 GMT
Nike Football Accelerates Innovation with 3D printed “Concept Cleat” for Shuttle
Thu, 27 Feb 2014 13:18:25 GMT
noodls – Nike continues to push the limits of innovation and design by debuting its second football cleat built using 3D printing technology. The Nike Vapor HyperAgility Cleat, built for the shuttle drill (or 5-10-5), …
Nike Football Unveils 2014 Korea National Team Kit
Thu, 27 Feb 2014 13:18:23 GMT
noodls – In line with Nike's commitment to superior performance with lower environmental impact, the shirt, short — and for the first time in a Korea national team kit, the socks — all feature fabric made from …
Nike Football Unveils 2014 Korea National Team Kit
Thu, 27 Feb 2014 03:17:05 GMT
noodls – In line with Nike's commitment to superior performance with lower environmental impact, the shirt, short — and for the first time in a Korea national team kit, the socks — all feature fabric made from …
Related Posts
Also on Market Tamer…
Follow Us on Facebook