Nike Inc. Higher Ahead Q4 Report

Nike Inc.

shares are trading higher by $.89 at $52.78 in Tuesday's session. After the close, the company will release its Q4 report. Street estimates stand for EPS at $0.48 on revenues of $8.26B. The issue has been under selling pressuse since is Q3 report that beat for EPS by $0.06, but came up shy on revenues ($8.03B vs. EST $8.19B). Since its Q3 report, it has fallen from its March 22 close ($64.90) to $51.47 in Monday's session. Earlier in today's session, it found support just above that at $51.57 and embarked on its rally. It is now trading just off its high for the of $52,85,