Nike Makes Bullish Cross Above Critical Moving Average

In trading on Wednesday, shares of Nike crossed above their 200 day moving average of $112.31, changing hands as high as $113.40 per share. Nike shares are currently trading up about 6.2% on the day.

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The chart below shows the one year performance of NKE shares, versus its 200 day moving average:

Looking at the chart above, NKE’s low point in its 52 week range is $82.22 per share, with $131.31 as the 52 week high point — that compares with a last trade of $113.35. The NKE DMA information above was sourced from TechnicalAnalysisChannel.com

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