Nike
$LULU Falling$LULU has been one of the hottest stocks this year....until today. Their mixed guidance for next year is nothing to worry about. If you don't live in a cave you know every girl either wants or wears lulu. I know there are cheaper options, but lets be honest...they are a status symbol. As long as the stock holds $67, i think you pick some up.
www.trendyprofits.com
IF NKE continues running down hill- I'll own $50 shares i have been taught only sell puts on stock you want to own at the price you are selling those puts! Nike is one of those companies. Nike isn't going anywhere, continues to sell more shoes, and brand their swoosh worldwide
so pick an are where you think you would like to own shares. I like getting paid up front and lower my cost basis even more if and when i get put to stock!!
DOW JONES OVERVIEW: NIKE IN FIRM UPTRENDNike 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!