In trading on Friday, shares of Nike crossed below their 200 day moving average of $109.99, changing hands as low as $107.45 per share. Nike shares are currently trading down about 11% on the day.
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The chart below shows the one year performance of NKE shares, versus its 200 day moving average:
Looking at the chart above, NKE’s low point in its 52 week range is $88.66 per share, with $131.31 as the 52 week high point — that compares with a last trade of $109.06. The NKE DMA information above was sourced from TechnicalAnalysisChannel.com
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