Bottom line: NKE is a 5.00 joke posing as a 51.00 stock
Ladies, as I predicted in previous posts, the TERRIBLE NKE technicals are such that 53.00 is now the upper range of PERMA-resistance in this CONFIRMED BEAR market stock.
And as per my SMART evaluations, NKE FAILED to continue rising once it hit 52.50 this AM, thus PROVING WITHOUT DOUBT my ULTRA BEARISH prognostication for this NKE BEAR doggie. That 53.00 RESISTANCE point is SOLID and PERMANENT, and although the slimy NKE specialist might allow an intra day burp above that point (solely to SUCKER even more WORTHLESS call purchases by NKE AMATEUR DUPES), the sorry technicals are such that there can be NO sustainable prices above that 53.00 RESISTANCE point.
Ladies, this AINT rocket science, you just need to know how to read a chart properly, a talent sorely lacking amongst the inherited money wall street types who overpopulate the world..... and AVOID becoming part of the OVEREXCITED AMATEUR long crowd.