The Traderszone Network

Published in TZ Latest News 8 September, 2014 by The TZ Newswire Staff

Nike (NKE) Makes A Move

The battle for sports jerseys is always a big deal. Its an even bigger deal with the World Cup in 2014. Nike (NKE) is interesting because the stock was relatively static leading into the World Cup in Brazil. Now it has broken above a 10 month consolidation with average volume. As a large cap stock Nike is trying to push into the top quartile on the SCTR. You can see the stock lapsed when it fell below the top quartile back in December. With a nice breakout last week and a close near the highs of the week, NKE hit another high today. 

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