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Nike is heading for its first close above $100.00 since June 25th, the day before it reported its Q4 earnings results.  Since earnings the stock has been consolidating in a narrowing range.  Looks like a fresh rally leg could be developing.  50/200D bull cross underneath.  Daily MACD is neutral=room to run.  A close back below $95.00 would violate this week’s low indicating more sideways action is on the way.  

We are long NKE in some managed accounts.