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A trading idea on Nike! 👀Hi everyone! Today’s trading idea is on Nike (NKE)! It is a long trade for 3 reasons. First, the pivot at 131.83 was broken today, and this might be the beginning of a good movement next. Second, the RSI shows an advanced breakout, and this is another confirmation we have here. Third, we are near support level in the 4h chart (130.48), and NKE is doing some interesting reversal patterns around, like a spinning bottom and recently, a bullish engulfing. If it loses the support, we should get out. The target is the 138. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:NKE
by UnknownUnicorn21312077
2
NIKE Put Option Play - Ex-Dividend Expiration 5/28NYSE:NKE NIKE (NKE) Put Option Play - FRI 5/28 I hope you guys were able to capitalize on todays NKE Put option play. I had to wait it out but it did pay out a nicely. OK, as many of you know, today 5/27 was the last day to buy NKE shares in order to qualify for Nike's dividend payment. Those who were only holding for the dividend are able to sell tomorrow 5/28 and still receive their payment. If you look thru NKE chart history you can clearly see a sell off directly after each qualifying date. SNAP has ran up nicely ALL WEEK after being shorted/manipulated last week so that many CALL options would not cover. I think with the potential inflation data looming over the market and it also being the end of the week, we are going to be seeing folks take some profits. Tomorrow 5/28 the Personal Consumption Expenditures Price Index will be released. This index is what is used by the FED as their preferred inflation measure. If this shows that inflation is going higher than expected, it could cause the FED to act sooner and the market WILL react. Taking into consideration these factors, I think it is likely we have a bearish day tomorrow. Pay very close attention to futures and the 10-Yr bond yield tonight and before market open as this should give us a feel as to what type of day it will be. Possible Option Play NYSE:NKE Strike Price: $136-138 Put Expiration Date: 5/28 or 6/4 Stop Loss: 40% Notes: Watch price action & volume in pre-market. Make sure there is liquidity/open interest in the option. This will be a quick in & out play as I'm anticipated a sharp gap/spike to the downside. Open to all questions, critique and conversation. I'm a beginner and would love to know what you know and pick your brain. Thanks for reading & happy trading tomorrow! Disclaimer: This is not financial advice. These are just my ideas and notes on what I may do. NYSE:NKE
NYSE:NKEShort
by CLEEN50
Let's see if we have the breakout on NKE As breakout traders , we look for clear sideways movements that we can define as Zig-Zag / Triangle / Irregular / Flat patterns. Once we spot one, we see the context, and then we project the possible target using Fibo extensions (the fibo extension is drawn using the previous impulse to the sideways movement) In this case, we have a clear Flag Pattern (or zig-zag pattern). It has been moving on a range for the last 112 days between 146.00 and 130.00 One of the fundamentals ideas technical analysis relies on is that Institutional traders (the guys that really move the market) need to accumulate and distribute to buy or sell. That means that they have such purchase power that they can not execute a market order without moving the price. So, if they are buying, they will need to average that, which as a consequence this type of sideways movements are created because accumulation or distribution process is going on. With all that said, we have this massive flag pattern that can be an accumulation or distribution process (we do not know that...); however, we have an activation level above the structure. That would give us more chances that we are on an accumulation process. If the price reaches our green line, we will consider the setup active, our stop loss will be below the whole structure, the first target will work as a Break-even signal, and 2nd fibo extension will work as the final target. Thanks for reading!
NYSE:NKE
by ThinkingAntsOk
NikeNIKE, INC. IS A GROWTH COMPANY. We create innovative, must-have products. We build deep, personal connections with consumers. And we deliver an integrated marketplace with compelling retail experiences. “NIKE continues to deeply connect with consumers all over the world driven by our strong competitive advantages,” said John Donahoe, President & CEO, NIKE, Inc. “Our strategy is working, as we accelerate innovation and create the seamless, premium marketplace of the future. I’ve never been more confident in our leadership and teams to operate with agility in a dynamic environment.”** Our third quarter revenue performance was impacted by disruption related to the COVID-19 pandemic, particularly in North America and EMEA. North America revenues declined 11 percent on a currency-neutral basis, largely driven by global container shortages and U.S. port congestion, which delayed the flow of inventory in the third quarter by more than three weeks, impacting timing of wholesale shipments, and partially offset by NIKE Direct growth of 15 percent. EMEA physical retail sales declined, as 45 percent of NIKE-owned stores experienced mandatory COVID-19 related closures for the last two months of the quarter, however this was partially offset by digital sales, which increased 60 percent. Today, approximately 65 percent of stores in EMEA are open or operating on reduced hours. Greater China revenues increased 42 percent on a currency-neutral basis, which reflects strong double-digit growth versus the third quarter of fiscal year 2019 as we annualize the impact of COVID-19, as well as continued strong digital sales growth of 44 percent versus prior year. “NIKE's brand momentum is as strong as ever and we are driving focused growth against our largest opportunities,” said Matt Friend, Executive Vice President and Chief Financial Officer, NIKE, Inc. “We continue to see the value of a more direct, digitally-enabled strategy, fueling even greater potential for NIKE over the long term.”** -Source: nike website Let me know what you think? Like Follow Agree Disagree! Not Financial Advice. Not a Licensed Broker.
NYSE:NKELong
by Redimere_91
Puma and its growth as an athetic BrandPUMA was once the largest in the athletic industry, but then in the '80s and '90s, it got off track and ventured into the fashion industry. This proved to be their downfall. Nike and Adidas soon overtook them in market share by a long way. PUMA now has a market cap of €14.26 Billion. PUMA though is now gaining market there back that the loss in the '90s. This is in sports such as football, rugby, sprinting, and their recent ventures into Formula 1 and motorsport will all pay off. they have recently signed some major football players such as Lewandoski(top goal scorer in 2020), Luiz Suarez (arguably the greatest striker in history), and Neymar, who is one of the most marketable athletes in the sport. This play is less based on the chart, but its gaining market share in sport. I can see its market growing at least 5x to €66 billion and therefore the stock running up to €440. We could even see gains to €80 billion in market cap. Buy @ €90 and take first profits @ €440. this trade is an investment and long term. Maybe go buy some PUMA runners rather than NIKE now, so we can see that chart take off like a Falcon heavy.
XETR:PUMLong
by Hugosloankelly
4
NIKE Stock 16/03/21 Analysis 4H ChartNYSE:NKE - Trend Analysis - 📑Value: 0/20 📈Growth: 18/20 💰Profitability: 20/20 🚀Momentum: 8/20 💸Earnings: 16/20 🖇️Total Score: 62/100 Analysis: Low: $41 Average: $72.83 High: $105 Current: $72.96 Data: Volume 3.74M Average Volume (3 months) 5.71M Previous Close $144.94 Open $145.88 Shares Outstanding 1.27B Technicals: (Simple Moving Average) 10D SMA $137.13 (+5.55%) 50D SMA $139.63 (+3.67) 200D SMA $122.39 (+18.27%) Market Cap $221.42B Total Debt $12.80B Cash $11.81B Enterprise Value $222.41B Dividend Yield 0.76% Annual Payout $1.10 Payout Ratio 36.88% Years of Growth 19 Years Latest Announced Dividend $0.28 Ex-Dividend Date 26/02/2021 Payout Date 01/04/2021 Revenue $38.25B Gross Profit $16.44B Net Income $2.83B EPS Diluted $1.77 Free Cash Flow / Share $2.32
NYSE:NKELong
by investor_kings
Nike will always be victorious. $NKE. After selling off a bit, it has nicely rebounded from it's .236 Fibo (see also BUY signal). It's trading in range just above it's POC (point of control), bouncing off the .786 Fibo retracement. With ER on 3/18, we can expect an earnings run-up, will face resistance at $150, $152 and $156. I'm long on Nike. Happy Trading, from CJ -- aka the greatest FURU. To find out more about The Ultimate Stock Indicator on Tradingview, please check my public profile. 🚀🚀🚀🚀
NYSE:NKELong
by CJCHUN
Elliott Wave View: Nike Impulsive Rally Favors More UpsideShort Term Elliott Wave View in Nike (NKE) suggests the pullback to $128.91 ended wave ((4)). Internal of wave ((4)) unfolded as a Flat where wave (A) ended at 138.32, wave (B) ended at $147.90, and wave (C) ended at $128.91. The stock has resumed higher in wave ((5)), but it still needs to break above wave ((3)) at 147.95 on December 21, 2020 high to avoid a double correction. Up from wave ((4)) low at $128.91, wave ((i)) ended at $136.37, and pullback in wave ((ii)) ended at $132.15. Stock then resumes higher in wave ((iii)) towards $140.06, and pullback in wave ((iv)) ended at $138.01. Expect the stock to end wave ((v)) of 1 soon, then it should pullback in wave 2 to correct cycle from January 28 low before the rally resumes. Internal of wave 2 pullback is proposed to be unfolding as a zigzag in 3 waves before the rally resumes. As far as pivot at $128.91 low on January 28 stays intact, expect dips to find support in 3, 7, or 11 swing for further upside. Potential target higher for wave ((5)) is 1.236 – 1.618 external retracement of wave ((4)) which comes at 152.3 – 159.5
NYSE:NKE
by Elliottwave-Forecast
Nike: Just Do It! 💪Nike has been a strong player on the capital markets for a long time. Accordingly, we will see the stock price rise further in the future, too! There is little doubt on our side that this stock is staying a long-term Bull – Michael Jordan would be proud! Now, we are primarily expecting the price to continue to rise above $147.93. However, there is a 45% chance that we see a minor dip below $131.23 down until $120.90. Again, we think this stock is going up in the long run, which means that even from the price of $120.90 we will see the price increase after that correction. Stay sporty, stay trading!
NYSE:NKE
by MarketIntel