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Nike - Short It

Short term pull back:

Technicals
-Having a hard time finding momentum to newer highs
- Buyers located around $97 might stop at $115
-Gap fill available
-Buy the rumor; Sell the News....always

Opinionmentals:
-DJI going through a healthy correction overall
-Over-valued in general
-Competitors slowly eating away at market share (Lulu lemon/adidas/underArmor.... arguable point)
-Decline in North American Revenue
- Portfolio managers looking for market weakness and want to take some money off table possibly.

Not Financial advise; I'm a contrarian at heart.
Beyond Technical AnalysisFundamental Analysis

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