With second earnings this year coming up on Thursday and a market cap of $118.35 billion, Nike is expected to have revenue over a $9 billion, last time they managed that was in September 2017. The company had exceeded expectations for several quarters now.
On a technical side, the price tested level 76 for two days but got rejected from the overbought area. Now price is on the 50 SMA, potentially to test again the confirmed uptrend line. The chart looks really good technically so keep an eye on the earnings results for future price direction.
Happy Trading!
On a technical side, the price tested level 76 for two days but got rejected from the overbought area. Now price is on the 50 SMA, potentially to test again the confirmed uptrend line. The chart looks really good technically so keep an eye on the earnings results for future price direction.
Happy Trading!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.