Dan Nathan Is Bullish On Nike

On CNBC's "Closing Bell," Dan Nathan revealed his bullish view on Nike Inc NKE. The company reported blowout earnings last month and the stock broke out to the new all-time high, said Nathan. He added that it trades rich to the market and its peers, but it seems that it isn't bothered by a strong dollar, weak demand in China, slow growth and all the things that are bugging others.

Nathan believes that the stock is going to trade to $100 pretty soon and he would be buying it as it moves between $90 at $95. He would also use $90 as a stop on the downside.