The following is technical analysis of Nike Inc. (NKE) stock for March 29, 2010
Nike Inc. (NKE) Support & Resistance Levels - 3/29/10
Resistance Levels: $75.35, $80
Support Levels: $73, $71.10
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Nike Inc. (NKE) has virtually gone parabolic ever since the hint of a Tiger Woods comeback came into the picture. Nike Inc currently has resistance located at the $75.35 52 week high market and support at around $73. The first close below $73 will be your first sign of weakness. If you are looking to buy Nike for the long term, why not wait until the stock retests the 50 day moving average.
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