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