Nike: This Fallen Star Can Rise Again

JHVEPhoto/iStock Editorial via Getty Images As the chart below shows, Nike shares rallied up to around $120, late last year. But the stock trended lower for most of 2024, and more recently it plunged down to the low $70 level. The 50-day moving average is around $88 and the 200-day moving average is just over $98. It looks like Nike shares are starting to bottom out in the low $70 range, and this is one reason why I have started to accumulate shares. chart StockCharts.com Earnings Estimates The Dividend The ...