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Strength Seen in NIKE (NKE): Stock Adds 8.9% in Session

NIKE, Inc. ( NKE ) was a big mover last session, as the company saw its shares rise nearly 9% on the day. The upside came after the company posted solid earnings results for the first quarter of fiscal 2016 which led to more shares changing hands than in a normal session. This continues the recent uptrend for the company - as the stock is now up more than 13% since Sep 1.

The company has seen 11 positive estimate revisions in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if Friday's jump can turn into more strength down the road.

NIKE currently has a Zacks Rank #3 (Hold).

A better-ranked stock in the same space is Skechers U.S.A., Inc. ( SKX ) sporting a Zacks Rank #1 (Strong Buy).

Is NKE going up? Or down? Predict to see what others think: Up or Down

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NIKE INC-B (NKE): Free Stock Analysis Report

SKECHERS USA-A (SKX): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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