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.