After issuing poor guidance, Nike's stock experienced a significant decline. Over the past month, it has been stabilizing and establishing a support level while attempting to fill the gap created by the drop. With the next earnings report scheduled for September, there is potential for the stock to recover.
Key Points to Consider:
Key Points to Consider:
- Current Price Action: Nike's stock is currently consolidating, showing signs of finding a floor. This consolidation period often indicates that the market is absorbing the recent news and setting the stage for a potential rebound.
- Short-term Target: Before the September earnings report, Nike's stock could recover to around $88. This level would represent a retracement as the stock attempts to regain some of its lost ground.
- Earnings Catalyst: If Nike reports better-than-expected earnings in September, the stock could potentially rally to around $100.
Nota
After holding NKE for two weeks, we realized a profit of approximately 28%. I am now updating my target price to $100 ahead of the upcoming earnings report.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.