My earlier post on NKE mistakenly said earnings come out Tuesday. NKE is actually releasing its' earnings report after market hours on Thursday 9/27.
After the release of earnings it might be wise to purchase puts on nke. If I you were holding options right now you might want to get out now. Reason being, the implied volatility is nearly doubled its...
Using elliot wave analysis as my primary indicator and other technicals as supporting indicators, I am bearish on Nike. I believe the recent rise seen in Nike from the 84.76 level has been corrective fourth wave action. The MACD, RSI and Stoch indicators are embedded indications that Nike's fall from the low 100's to mid 80's was a third wave. I would also point...
