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*** These days I post my charts/thoughts on http://www.stocktwits.com under the same user name BreakoutTrader *** "Charts are worth a million words." - Ralph Acampora "Having learned what folly I was capable of, I closed that particular incident." - Reminiscences of a Stock... More
  • NKE Nike Inc: Near Support 0 comments
    Mar 28, 2012 8:27 AM | about stocks: NKE

    NKE has been in an uptrend since it bounced off the $78 to
    $79 area in August 2011. It closed at $107.88 on 3/27.

    The following daily chart shows it is currently near the $107
    support area which was the resistance area in February. It
    is also at the bottom of an uptrend channel started on 8/9/11.

    Watch NKE to see if it can break above recent $109 resistance
    area.

    NKE_20120327_Daily

    Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in NKE over the next 72 hours.

    Stocks: NKE
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