Nike Inc. (NKE) Appears Promising On Charts After Forming New 52 Week High

Nike Inc. (NYSE: NKE) set a new 52-week high after a gap-up opening on Thursday once the Q3 earnings of athletic shoe and clothing company beat street expectations. An analyst simultaneously raised expectations after the upbeat earnings posted by Nike Inc. (NKE).

Shares gained 5.77% by mid-day trading, to $74.95 on heavy volume. Nike Inc. (NKE) continues to move with a higher top and higher bottom pattern.