* Exceptional earnings
* Very strong up trend
* Very high 3-month relative strength in the Consumer Cyclical sector
* Pays dividends
* Breaking out of a 5 month base
* Formed a cup and handle pattern with a base depth of ~28% and a handle of ~2 weeks
* Breaking out with higher than average volume
Trade Idea:
* Now's a great time to get in as the price is really close to the broken level
* Offering a very nice risk/reward ratio
* If you're looking for a discount you can look for an entry near the $174 area
Caution:
* A daily close below $174 would expose $170.62 as the support level
* A daily close below $170.62 would negate the idea.
Note:
* Looking at the growth, earnings and dividends NKE is a great buy and hold stock as well.
* Very strong up trend
* Very high 3-month relative strength in the Consumer Cyclical sector
* Pays dividends
* Breaking out of a 5 month base
* Formed a cup and handle pattern with a base depth of ~28% and a handle of ~2 weeks
* Breaking out with higher than average volume
Trade Idea:
* Now's a great time to get in as the price is really close to the broken level
* Offering a very nice risk/reward ratio
* If you're looking for a discount you can look for an entry near the $174 area
Caution:
* A daily close below $174 would expose $170.62 as the support level
* A daily close below $170.62 would negate the idea.
Note:
* Looking at the growth, earnings and dividends NKE is a great buy and hold stock as well.