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Nike Is Ready to Rally

The charts say the stock is ready to run back up to its 2015 highs.

Nike (NKE) - Get NIKE, Inc. (NKE) Report  shares have been hitting a series of lower highs and lower lows since the end of 2015, and the price action has formed a large declining channel. The stock price has recently penetrated the downtrend line of the channel and the pattern price projection targets a potential move back up to the all-time highs.

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