[February 14, 2012] SmarTrend Watching for Potential Pullback in Shares of NIKE After 1.34% Gain Tweet Feb 14, 2012 (SmarTrend(R) News Watch via COMTEX) -- NIKE (NYSE:NKE) traded in a range yesterday that spanned from a low of $104.29 to a high of $106.64. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $106.18 on volume of 2.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious. In the past 52 weeks, shares of NIKE have traded between a low of $69.43 and a high of $106.66 and are now at $106.63, which is 54% above that low price. The 200-day and 50-day moving averages have moved 0.40% higher and 0.62% higher over the past week, respectively. SmarTrend recommended that subscribers consider buying shares of NIKE on August 29th, 2011 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $87.70. Since that recommendation, shares of NIKE have risen 20.0%. We continue to monitor NKE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]