Nike Offering Possible 29.53% Return Over the Next 8 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 29.53% return on risk over the next 8 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 $1.14 would be kept by the premium seller. The risk of $3.86 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 30.79 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

Companies diary: December 16 – December 22
Sun, 15 Dec 2013 14:10:08 GMT
Financial Times – Diary commentary from FT reporters; data and company announcements, unless otherwise stated, from Thomson Reuters. Company announcements are of information publicly available before last week. < The ...

5 Clothing Stocks for 2014
Sat, 14 Dec 2013 15:12:00 GMT
Motley Fool – Next year offers investors plenty of great ways to play the retail apparel market — here are the top clothing stocks for 2014. Our analyst looks at Fifth & Pacific, Nike, VF Corp., lululemon, and Under …

To Lower Tariffs, Vietnam Pushes for Easing Trade Rules
Sat, 14 Dec 2013 01:13:23 GMT
New York Times – Vietnam helps supply much of the apparel worn in the Western world, and negotiations with Europe are being watched with especially close care.

9:57 am Nike – – 50 Day Alert
Thu, 12 Dec 2013 23:22:43 GMT
Briefing.com – 9:57 am Nike – – 50 Day Alert

Apple iWatch, Square IPO: 10 Tech Predictions For 2014 (Update 1)
Thu, 12 Dec 2013 19:42:00 GMT
TheStreet – Apple, Square, and Yahoo! will make headlines next year as the tech world rapidly evolves.

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