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