Nike’s share price continues to rise and has gained 12.29% this month.
After releasing third-quarter earnings, Nike stock underperformed.
The 0.5 level of Fib Retracement ($130) is seen as the next resistance level.
FY 2023 started on a favorable note for Nike investors. However, the share price of NYSE:NIKE is moving up from its yearly low of $82.22. Later, unstoppable efforts by buyers pushed the asset price above several bullish barriers.
Nike recently released its third-quarter results, and the stock price has been steadily rising since then. Revenue in the third quarter was $10.9 billion, a 5% increase over the previous year and an 8% increase on a currency-neutral basis. This favorable wind aids investors in sticking with Nike.
Source: Tradingview
Gap-up and gap-down price openings forced many retail investors or traders out of the US market. Nevertheless, high volatility provides intraday opportunities to speculators. Daylight hours of January 10, Wall Street traded in the gr
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