NIKE INC CL B INC
(NKE-NYSE):
Technical Viewpoint: From a low
of $40 1/4 on Dec 7, 2000 prices
rallied, reaching a
high of $57.00
on Dec 29, 2000. A
decline saw prices pull back, reaching a
low of
$50 3/4 on Jan 3, 2001.
Another rally saw prices penetrate
resistance, closing 1/8/01
at $57 5/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 2, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $51.00. Resistance: Is at $58.00.
Point & Figure: Reversed to the upside on Jan 14, 2001. A P&F upside
reversal takes place at $55 1/2. Summary: Technical indicators have turned bullish. BUY! NIKE INC Cl B INC
(NKE-NYSE) @ $58 1/8 Stop: Use a protective stop of $55 1/4.
NIKE INC Cl B INC is currently trading @ $57 5/8 plus $2 3/4 on Jan 8, 2001. Price Objective:
$76 1/2. Risk/Reward: $2 7/8 VS. $18 3/8. Today's Risk Reward Ratio: 6:1
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