Nike Short, MACD and RSI stretched, return to 20 day MA - hedge
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Getting a $100 or a $97 put in NKE would provide a nice hedge against all your other long positions as NKE trades very much in tandem with major averages and exemplifies worries like global growth/ china/ stretched evaluation
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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.