NIKE INCORPORATED
(NKE-NYSE):
Technical Viewpoint: From a low
of $80.27 on Oct 27, 2010 prices
rallied, reaching a
high of $84.11
on Nov 5, 2010. A
decline saw prices pull back, reaching a
low of
$80.26 on Nov 16, 2010.
Another rally saw prices penetrate
resistance, closing 11/19/10
at $85.81. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Nov 19, 2010 when the solid line crossed the dotted line to the upside.
Support: Remains at $84.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Nov 19, 2010. A P&F upside
reversal takes place at $83.00. Summary: Technical indicators have turned bullish. BUY! NIKE INCORPORATED
(NKE-NYSE) @ $86.38 Stop: Use a protective stop of $83.63.
NIKE INCORPORATED is currently trading @ $85.81 plus $3.34 on Nov 19, 2010. Price Objective:
$114.50. Risk/Reward: $2.75 VS. $28.12. Today's Risk Reward Ratio: 10:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$114.50
Risk/Reward:
$2.75 VS. $28.12
Risk/Reward Ratio:
10:1
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