​Swooshing Back?

Nike Inc. (NKE) is currently testing the bottom of a significant weekly gap around the $66 level. A breakout above the $72 level could signal further strength, positioning the stock to target the $88.66 resistance. This trade setup offers an attractive risk-to-reward ratio, with a stop-loss set at $59.30 to manage downside risk.​

The Relative Strength Index (RSI) for NKE was at 29.3 on March 21, 2025, indicating oversold conditions and a potential for a bounce. ​

Analyst sentiment remains positive, with a consensus rating of "Moderate Buy" among 32 analysts. The average 12-month price target is $87.38, indicating a potential upside of approximately 31.3% from the current price of $66.54. ​

This combination of technical indicators and positive analyst sentiment supports a bullish outlook for NKE, with a potential move toward the $88.66 resistance level.