NKE Pressured at $60.93 Under Bearish EMA Stack
BearishNike Inc (NKE) closed up 1.55% at $60.93 on December 29.
Technical indicators paint a bearish picture:
Moving Averages
Price sits below both the 9-day ($61.45) and 21-day ($62.87) EMAs, suggesting short-term weakness.
Momentum
RSI at 45.0 is in neutral territory but trending higher. MACD is bearish (-1.34 vs signal -0.68).