Nike (NKE Stock) jumped after the announcement of better-than-expected quarterly earnings

Today’s instrument is the Nike Inc. Class B’‘s company traded in NYSE exchange under the ticker NKE.

Looking at the NKE‘s chart, we see that it significantly jumped from around $103 to above $118 yesterday due to the announced better-than-expected quarterly earnings and that it was lastly traded at around $115.60.

Today, it could make a correction towards its support level at around $112.30-113 and it is expected to hold above that level during the trading session with a possibility to test the level of $118.

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