Cramer told viewers to be careful with Nike. Let's check out the charts of this global brand.
In this daily bar chart of NKE, below, we can see that prices have moved lower since early August. NKE is now trading below the declining 50-day moving average line and that tells us that the short-term trend is down. The slope of the 200-day moving average line is still positive and the line intersects around $145.
The daily On-Balance-Volume (OBV) line has been in tail-spin since early August and tells us that sellers of NKE have been more aggressive. The Moving Average Convergence Divergence (MACD) oscillator has fallen below the zero-line and into sell territory.