Be Like NIKE and Just Do It!
Is it time to buy? Since hitting a high of $68.19 in December of 2015, shares of Nike ($NKE) has lost almost 20% of its value. And with a low of $49.01 the week of Oct 31, 2016; many but all threw in the towel with this stock.
Since bottoming the week of Halloween; Nike has gained some footing, finally showing signs of life.
The stock has gained more than 10% since that week and just surpassed its 200 day Moving Average in a bullish manner.
Is it time to buy? Should we be like Nike and Just do it? Or will this stock come crashing back down to earth like Under Armour ($UAA).
Tina Lashley holds a Bachelor of Arts in Forensic Psychology and a Master's of Science in Mental Health Counseling and has been a stock market participant for over a decade. Currently a Full-Time Trader and Blogger of all things financial.