NKE took a beating after missing revenues by $50M (.5%) and providing soft guidance. Yet, they continue to buy back their shares (decreasing supply). I fully expect NKE to hit $89.15 by the next Earnings reports, if not $94.10.
There's 10-15% upside within the next 3 months. Don't miss the train!
There's 10-15% upside within the next 3 months. Don't miss the train!
Note
Whales are battling! The price action needs to break $83 to be bullish, but bears can certainly still push down and maintain their hold. Overall market is bear, so NKE is certainly acting much more bullish for the market landscape. HODL the battle
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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.