DOW JONES OVERVIEW: NIKE IN FIRM UPTREND
Nike is the best-looking stock from our Dow Jones overview so far
On long term perspective it trades firmly above upper 1st standard deviation from 5 and 10 year means - which means that long term uptrends are well in progress.
On short term basis the long term picture is confirmed by the slope of both 1-year and quarterly means.
The august selloff did not affect the picture dramatically and price has restored all its losses since then - it is trading above 1st standard deviation from 1-year mean (thus in yearly uptrend as well) and it also trades at the upper 1st standard deviation from quarterly mean, breakout above which will push NKE into quarterly uptrend as well!
On long term perspective it trades firmly above upper 1st standard deviation from 5 and 10 year means - which means that long term uptrends are well in progress.
On short term basis the long term picture is confirmed by the slope of both 1-year and quarterly means.
The august selloff did not affect the picture dramatically and price has restored all its losses since then - it is trading above 1st standard deviation from 1-year mean (thus in yearly uptrend as well) and it also trades at the upper 1st standard deviation from quarterly mean, breakout above which will push NKE into quarterly uptrend as well!
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