👟📈 Nike ANALYSIS

in STEEM FOR BETTERLIFE • 2 years ago

1
Nike reported 3rd Quarter February 2022 earnings of $0.87 per share on revenue of $10.9 billion. The consensus earnings estimate was $0.73 per share on revenue of $10.6 billion. Revenue grew 5.0% on a year-over-year basis.

NIKE is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities.

2
On 25.06.2021 the Nike stock formed a consolidation area ranging from $139.00 - $132.98.

WHAT DO I EXPECT NEXT?

3
I can imagine that Nike will consolidate within the range and might break out when the entire market has strength. As soon as the stock goes above $139.00 with higher than average volume, it might make sense to open a long position. When the stock price closes below $132.98 the trading scenario is not valid anymore.

What are your thoughts? Leave a comment down below 👇

🚫 No investment advice, I am just displaying my personal opinion which might be wrong!

Nike.png

#trading #investment #stocks #idea
2 years ago in STEEM FOR BETTERLIFE by
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