Nike stock price hits a key support before earnings: buy or sell?

Core Insights - Nike's stock price has recently declined, currently trading at $68, which is a 12.85% decrease from its peak in August [1] - The stock has reached a significant level at $68.75, indicating a potential pivot point as investors await the upcoming earnings report [1] Company Performance - The recent stock price movement reflects investor sentiment as they anticipate insights into Nike's turnaround efforts from the forthcoming earnings report [1]