A Closer Look At Nike

Last week Nike (NKE) was upgraded to outperform with a price target of $84, after reporting a positive future outlook. This move propelled the retailer into all-time high stock prices. See my first look at this stock.

What makes this move even more pivotal is that Nike has consistently topped out around $66 for the last couple of years, so finally breaching this resistance could mean some new levels for Nike.

Remember we are talking about ALL-TIME highs.

In his latest video, Adam Hewison looks at Nike’s latest’s moves and the ‘energy field’ it has created. In fact, he puts the price target into the $90′s.

Overall, I like this stock to retest the gap it just created before possibly heading higher. Watch more of the analysis of Nike.