Watch These Nike Price Levels After Stock Slides on Full-Year Outlook Withdrawal
NIKE(NKE) Investopedia·2024-10-02 03:01
Key TakeawaysNike shares fell in extended trading Tuesday after the apparel and equipment giant withdrew its full-year outlook and said it plans to postpone its upcoming investor day ahead of the company’s transition to a new CEO later this month.The stock has rallied more than 25% from the lower trendline of a falling wedge, though Wednesday’s projected earnings-driven selling threatens to derail the recent bullish price momentum.Investors should monitor key lower price levels on Nike's weekly chart around ...