NKE post earnings gap
Historically NKE will lose trading volume after earnings, combined with weaker price action, this stock will stabilize around the bottom of the gap. RSI points to an overbought signal which after back-testing this indicator, shows that the share price of NKE does not like to live above 80 for longer than a day or two with large upward price action. MACD is at the peak of its convergence, there is a high probability that the moving averages will begin to diverge in the next week. This could be setup for a nice swing trade, I admit I am "jumping the gun" on this one, but with a decent risk-reward of ~2.5 the losses could be minimizes easily. Good luck!
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