Sneaker and apparel company Nike ( NKE) was upgraded by TheStreet's Quant Ratings service. Let's check out the charts and indicators to see how these two investment approaches can relate to each other. 
In this daily bar chart of NKE, below, I can see that prices have climbed higher the past three months. NKE now trades above the rising 50-day moving average line and above the bottoming 200-day line.
The trading volume has been more active since late September and the daily On-Balance-Volume (OBV) line shows a rise from early October telling me that buyers of NKE are being more aggressive than sellers.
The Moving Average Convergence Divergence (MACD) oscillator is in a bullish alignment above the zero line.
In this weekly Japanese candlestick chart of NKE, below, I see a much improved picture. Prices are trading above the bottoming 40-week moving average line.
The weekly OBV line shows strength from late September. The weekly MACD oscillator has been improving and is only slightly below the zero line and a potential outright buy signal.
In this daily Point and Figure chart of NKE, below, I can see that prices reached a target of $113.
In this weekly Point and Figure chart of NKE, below, the software is projecting an upside price target in the $214 area.
Bottom line strategy: NKE has made a strong rally from early October without a retest of that low. NKE is looking like a "V" bottom but I have trouble making a buy recommendation for now.
