But the action since has been very uninspiring. NKE will likely need a healthy pullback before new highs ($105.50) can be reached. A fade back down to the stock's 50-day moving average may be needed. This key level held in well near the end of the late March/early April consolidation.
For Nike bulls, lower entry opportunities appear to be ahead. A return the $100 area could play out fairly soon.
Click here to see the below chart in a new window.