Nike Stock Is Poised to Retest a Key High Hurdle

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Can NKE restart the advance or will prices see more liquidation or distribution as prices re approach the September zenith? Let’s check out the charts and indicators for NKE and see what technical strategy could make sense for this name mentioned by Jim Cramer in a Real Money column Monday. In the daily bar chart of NKE, below, we can see that prices have made a small double bottom-like pattern as it held chart support in the $72-$70 area.

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