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Nike
The sports apparel company continues to move into record territory as the consumer recovers confidence. Sales and revenues continue to climb and investors bid up the price of Nike. Technically it is strong, with price above the 50 and 200 day moving averages and relative strength at moderate levels, indicating potential for more upside movement before any correction. They will report earnings on December 19, 2013 which allows investors to focus on the strength or weakness of earnings since there will be few other companies reporting at this time. We are expecting another strong quarter and are looking for buying opportunities on any dips in the stock.
Wednesday, 20 November 2013
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Expert trading starts with knowledge! Learn Now
Nike
The sports apparel company continues to move into record territory as the consumer recovers confidence. Sales and revenues continue to climb and investors bid up the price of Nike. Technically it is strong, with price above the 50 and 200 day moving averages and relative strength at moderate levels, indicating potential for more upside movement before any correction. They will report earnings on December 19, 2013 which allows investors to focus on the strength or weakness of earnings since there will be few other companies reporting at this time. We are expecting another strong quarter and are looking for buying opportunities on any dips in the stock.
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