Nike HIgher After Cavs Big Win In Game 3 Of NBA Finals

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Nike Inc.
NKE
shares are trading higher by $0.91 at $55.03 in Thursday's session. One possible catalyst for the rally may be the Cleveland Cavaliers impressive victory over Golden State Warriors in Game 3 of the NBA Finals. The Cavs were led by Nike client Lebron James,who scored 32 points. After a flat open, it found support just under Wednesday's close ($54.12) at $53.88 and began to move higher. So far, it has reached $55.05 and is not far off that level. The current high coinicdes with its June 1 at $55.04.
Posted In: TechnicalsIntraday UpdateTrading Ideas
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