Nike, Inc. : A good level to buy
Entry price | Target | Stop-loss | Potential |
---|
US$52.11 |
US$55.41 |
US$51 |
+6.32% |
---|
The selling pressure regarding Nike Inc shares could subside shortly. In fact, the support area that is currently being tested around 51.89 USD has come into play and could, at least in the short term, keep the downside pressure at bay.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
Strengths● The close medium term support offers good timing for purchasing the stock.
● The group's activity appears highly profitable thanks to its outperforming net margins.
● The company is in a robust financial situation considering its net cash and margin position.
● Predictions on business development from analysts polled by Thomson-Reuters are tight. This results from either a good visibility into core activities or accurate earnings releases.
● The group usually releases upbeat results with huge surprise rates.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
Weaknesses● The technical configuration over the long term remains negative on the weekly chart below the resistance level at 59 USD
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