Nike Higher After Mixed Q4 Report

Nike Inc NKE shares are trading higher by $1.26 $54.35 in Wednesday's session. After the close on Tuesday, the company announced a Q4 beat of a penny but missed on revenues for the second quarter in a row.

In a volatile session, it has found resistance at $54.84, which is just ahead of pair of highs from June 22 ($55.14) and June 23 ($55.18). On the downside, it has found support just under Tuesday's close ($53.09) at $52.89.