Technical Analysis Of Nike Inc.
Today’s instrument is Nike Inc. Class B‘s company traded in the NYSE exchange under the ticker NKE.
Looking at the NKE‘s chart, we see that yesterday surged from around $121.70 to the last traded price of around $125.60.
Last night, it announced better-than-expected results which could be the reason for yesterday’s positive anticipation it was already priced in, but the margins announced squeezed due to the higher interest rates. Today we could expect a correction towards the level of $121.70-122 before upwardly reacting again.
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