* Exceptional earnings
* Very strong up trend
* Very high 3-month relative strength in the Consumer Cyclical sector
* Pays dividends
* Breaking out of a 5 month base
* Formed a cup and handle pattern with a base depth of ~28% and a handle of ~2 weeks
* Breaking out with higher than average volume
Trade Idea:
* Now's a great time to get in as the price is really close to the broken level
* Offering a very nice risk/reward ratio
* If you're looking for a discount you can look for an entry near the $174 area
Caution:
* A daily close below $174 would expose $170.62 as the support level
* A daily close below $170.62 would negate the idea.
Note:
* Looking at the growth, earnings and dividends NKE is a great buy and hold stock as well.
* Very strong up trend
* Very high 3-month relative strength in the Consumer Cyclical sector
* Pays dividends
* Breaking out of a 5 month base
* Formed a cup and handle pattern with a base depth of ~28% and a handle of ~2 weeks
* Breaking out with higher than average volume
Trade Idea:
* Now's a great time to get in as the price is really close to the broken level
* Offering a very nice risk/reward ratio
* If you're looking for a discount you can look for an entry near the $174 area
Caution:
* A daily close below $174 would expose $170.62 as the support level
* A daily close below $170.62 would negate the idea.
Note:
* Looking at the growth, earnings and dividends NKE is a great buy and hold stock as well.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.