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Nike Is Jumping to New Highs: Here's How to Play the Stock

Bruce Kamich

In the daily bar chart of NKE, below, we can see that most of our favorite indicators are aligned on the upside. The daily On-Balance-Volume (OBV) line has been flat/neutral the past three months but the line is not far from making a new high for the move up. The trend-following Moving Average Convergence Divergence (MACD) oscillator has been above the zero line since early April and remains in a bullish configuration.