Technical Analysis Of Nike Inc.

unpaired red Nike sneaker

Photo by REVOLT on Unsplash

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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AAATrade's Intraday Technical Analysis of Nike Inc. - 22/03/2023

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