Taking a shot on this swing to the upside with Tiger Woods getting a win. Hes the poster-boy for Nike Golf and he just caught himself a big win. For some reason I just see every "Middle Age'd Guy in America", waking up tomorrow morning and saying - "Hey you know what, that Nike looks like a good investment bois."
Will set limits as noted and update trade first...
Looking over the one week chart we can see that a bottom might be in and indicators suggest that we're in for an uptrend. Furthermore, we seem to have a prime catalyst with earnings coming up - any stroke of good news and guidance could send this thing higher. Expect a peak if other airlines do well in the coming weeks also.
RSI: Shows oversold on the weekly ...
