The volume spiked on 24.06.2016 but difference between open & close price was $0.50. Mr.Market was struggled to maintain at that price range. Eventually, the price took a dip to test the water at the long-term support level followed by an exponential increased by 9.20% within 18 days.
Thereafter, price consolidation kicked in with low volume for more than a...
This is a 5y NKE chart, which shows a declining trend. The stock price has been seen trying to break through the resistance 3 times - 21/12/2015, 21/03/2016 & 22/08/2016 - with no success. Looking carefully at the price & volume of those 3:
Closing price: $63.18; volume: 97.4 mil indicates that the market is agreeing to the closing price when 14/12/2015...