Nike Crosses Above Key Moving Average Level

In trading on Wednesday, shares of Nike crossed above their 200 day moving average of $110.30, changing hands as high as $112.15 per share. Nike shares are currently trading up about 2.1% on the day.

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The chart below shows the one year performance of NKE shares, versus its 200 day moving average:

Looking at the chart above, NKE’s low point in its 52 week range is $88.66 per share, with $131.31 as the 52 week high point — that compares with a last trade of $111.05. The NKE DMA information above was sourced from TechnicalAnalysisChannel.com

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Source: https://www.forbes.com/sites/dividendchannel/2023/11/29/nike-crosses-above-key-moving-average-level/