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.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.