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Investor's Business Daily

Investor's Business Daily

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Business & Economics

With market volatility increasing, it could be worth looking at a Nike (NKE) bear call spread trade

Investor's Business Daily
Summary
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60% Informative

Nike ( NKE ) has struggled in the last few years and remains firmly stuck below a declining 200-day moving average.

On Monday morning , shares jumped 5% amid signs of institutional money going into battered blue chip firms.

Nike has been facing several challenges recently.

With Nike stock under pressure, I'm willing to bet that it will trade sideways at best.