NKE is getting close to becoming a buy again. How far will they take it down? $66-68
Your question is answered - 70 was the bottom. The new question is: what is the TOP? Earnings are coming out in MARCH so there is a timing issue and possible runup in the coming month.
I think it will touch under $70 again in the next week or so. Investers are a bit worried from there last earnings report and how they guided lower. With China and overseaes being so bad we are in a wait and see period.