NKE bounce on monthly EMA?

Jul 10

They are restructuring, changed top designers and laid off 10% of their work force. This should show at the bottom line and boost share price. It's currently at the 52 week low and completely oversold on the daily chart. $72.44 is the first area to consider, the second if that does not hold is $61.71 and the last area to watch is $50.79. Hopefully it bounces sooner than later!

Oct 1

Trade closed: target reached

Sold all my shares... stock could go up more.

Oct 1

Trade closed: target reached

22% gain from $72.44.