The Traderszone Network

Published in TZ Latest News 26 September, 2014 by The TZ Newswire Staff

Nike, Janus Capital Lead Another Short New-Highs List

During a confirmed market uptrend, it’s not unusual for more than 100 stocks to hit new highs each day. But with the uptrend now under pressure, the number has dwindled into the 20s. Yet, a couple of stocks posted strong moves Friday. Nike (NKE) soared 9.75, or 12%, to 89.50 in huge volume after the maker of athletic apparel posted earnings late Thursday that easily beat Wall Street forecasts.

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