It’s a constant aspect of the investment process: keeping some stocks on the radar which may soon warrant a position.
For me, one of those stocks right now is Nike, Inc (NKE)
. Price has been slowly correcting since it painted a high in late-November, but there has been no real nasty change of character. The pullback has been orderly, and has in fact created a well-defined descending channel omeprazole 20 mg cap. Zooming out on the chart actually shows a bull flag pattern.
The upper end of the channel is currently near $95, and a breakout would be needed to confirm this pattern. IV Rank is elevated right now at 63% as earnings are due out next week, juicing the premiums a bit ahead of the big news. That event may be just the catalyst this stock needs to get back on the track (pardon the pun).
Here’s a chart: