Nike (NKE) Shares have been on the climb since our last alert…
We sent out a Trade Idea on Nike a few days ago. It initially was consolidating for a couple of days after the alert and today was its big day! Nike (NKE) shares are climbing 2% today.
We originally had a price target of $160-165/Share for NKE. Our trade idea is in the chart as well as below:
NKE Dec 17th $155 CALL @ $5.00 per contract
Those NKE calls are now going for $7.00 Per contract.
That is a 40% return since this alert was sent out. But, we feel it is going even higher. I think a fair target would be between $165-170/share. Below is a picture of the current chart of NKE since we sent the chart above a few days ago.
I have also increased the stop loss on NKE to $152/share. It is always a good idea on a breakout to increase your stop loss to ensure you are locking in profits and maximizing each trade.
If anyone has any questions on NKE, please comment on this post below and I will answer back!