11.11.2014 - Quotations of Nike reached the upper limit of the channel
Nike's stock price after overcoming the local maximum level of 90.80 continued to rise and reached the upper limit of the upward channel and level of 95.00. To break through this level is required a considerable price impulse. In this regard, we expect price correction in the near future to the level of 91.00, but keep a positive medium-term outlook with the target level near 100.00. We recommend holding long positions with a stop below 84.00.