NIKE INC
(NKE-NYSE):
Technical Viewpoint: From a low
of $41.19 on Dec 18, 2003 prices
rallied, reaching a
high of $48.43
on Jan 10, 2003. A
decline saw prices pull back, reaching a
low of
$42.38 on Feb 7, 2003.
Another rally saw prices penetrate
resistance, closing 3/7/03
at $49.10. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Feb 20, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $47.25. Resistance: Is at $51.36.
Point & Figure: Reversed to the upside on Mar 7, 2003. A P&F upside
reversal takes place at $47.50. Summary: Technical indicators have turned bullish. BUY! NIKE INC
(NKE-NYSE) @ $49.25 Stop: Use a protective stop of $47.25.
NIKE INC is currently trading @ $49.10 plus $2.49 on Mar 7, 2003. Price Objective:
$60.00. Risk/Reward: $2.00 VS. $10.75. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$60.00
Risk/Reward:
$2.00 VS. $10.75
Risk/Reward Ratio:
5:1
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