NIKE (NKE) preview for April 2, 2015

As long as NKE shares support @ $98 – $99 remains intact, I favor the scenario of a revisit to the the all-time high @ $103.79. The 20-DMA has offered nice support in the last sessions. The short-term trend is up with last week’s low ($98) being the pivot point.

NKE daily chart (2 months):

nke2

Chart courtesy of http://www.StockCharts.com

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