Nike's most recent trend suggests a bearish bias. One trading opportunity on Nike is a Bear Call Spread using a strike $82.50 short call and a strike $87.50 long call offers a potential 9.41% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $82.50 by expiration. The full premium credit of $0.43 would be kept by the premium seller. The risk of $4.57 would be incurred if the stock rose above the $87.50 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 62.26 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
In 2014, the Boys From Brazil Will Score for Nike
Wed, 20 Nov 2013 18:25:00 GMT
Minyanville – Neither an undiscovered story nor a pure fútbol play, the new Dow Jones member looks poised for several wins next year.
Nike designs Megatron sneakers for the Decepticon in you
Wed, 20 Nov 2013 17:48:03 GMT
The Verge – Nike has been experimenting pretty gamely with pleasing its nerdier fans in recent years. The Air Mags straight out of Back to the Future Part II that the company released in 2011 were about as fun as any lover of 80s pop culture could possibly want — even if they didn't lace up automatically. Now the company has given us yet another throwback with the Nike Megatron Trainers, modeled after classic Transformers arch-villain Megatron. Nike collaborated with Hasbro and Detroit Lions wide receiver Calvin Johnson to create three pairs of sneakers, since Johnson just happens to be known as “Megatron” among fans. The Trainer Max is designed to be reflective and almost robotic in appearance, while the Megatron Nike Air Trainer SC II shows off circuitry.
Mercedes-Benz builds a stunning concept supercar for Gran Turismo anniversary
Wed, 20 Nov 2013 12:53:18 GMT
The Verge – Gran Turismo, the elder statesman of driving games, is celebrating its 15th anniversary this year in grand style. Its developer, Polyphony Digital, has asked the world's leading car manufacturers to produce real-life concepts that look into the future of sports car design. Mercedes-Benz is first to take part in this Vision Gran Turismo project, introducing the audaciously styled concept supercar you see before you. It's basically what Michael Keaton's Batmobile would look like if it were dropped into the Tron universe.
Turning a rock-climbing hobby into millions
Wed, 20 Nov 2013 12:51:32 GMT
Power Pitch – http://d.yimg.com/hd/cnbc2/lotus/1384950845932_217_21yQO47kxAgq1_1_0.jpg?s=17a9882868192cccc7b8c10d9353a072&c=2b3f25aa7113315b0f1fad28b1b8b026&a=cnbc2&mr=0
Nike's LunarENDOR QS Snowboard boots will make you the flashiest rider on the slopes
Tue, 19 Nov 2013 21:33:00 GMT
Engadget – Nike is betting that maybe one or two snowboarders like to showboat. So if you're more corkscrew, than chicken salad, the firm's LunarENDOR QS boots — complete with 30 LED swoosh — might catch your eye. …
Related Posts
Also on Market Tamer…
Follow Us on Facebook