[March 31, 2011] NIKE Bearish Moving Average Crossover Alert (NKE) Tweet Mar 31, 2011 (SmarTrend(R) Market Surveillance via COMTEX) -- Today, shares of NIKE (NYSE:NKE) have crossed bearishly below their 10-day moving average of $76.58 on volume of 411 thousand shares. This may provide swing traders with an opportunity for a short position as such a crossover often suggests lower prices in the near term. Watch for a close below this moving average level for confirmation. SmarTrend issued a Downtrend Alert for NIKE on March 15, 2011 at $84.91. In approximately 2 weeks, NIKE has returned 9.9% as of today's recent price of $76.53. In the past 52 weeks, shares of NIKE have traded between a low of $66.34 and a high of $92.49 and are now at $76.53, which is 15% above that low price. In the last five trading sessions, the 50-day MA has fallen 0.51% while the 200-day MA has remained constant. We will continue to monitor NKE's share price relative to this moving average. 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 ]