Watch These Nike Price Levels as Stock Soars After Earnings Report
Key Takeaways
- Nike shares jumped in extending trading Thursday after the sports apparel and equipment maker posted quarterly results above Wall Street’s expectations and outlined plans to mitigate the impact from tariffs.
- Price momentum looks set to accelerate in Friday’s trading session after the stock found support near the 50-day moving average.
- Investors should watch important overhead areas on Nike’s chart around $71, $79 and $89, while also monitoring a key support level near $59.
Nike (NKE) shares soared in extending trading Thursday after the sports apparel and equipment maker posted quarterly results above Wall Street’s expectations and outlined plans to mitigate the impact from tariffs.
The company, which is working…
