Let's check out the charts and indicators of this world wide shoe and apparel company.
In the daily bar chart of NKE, below, we can see how the shares were quickly cut down from February to late March and nearly as quickly they have recovered. NKE is within striking distance of its January high. Prices are above the rising 50-day moving average line and the rising 200-day moving average line.
The daily On-Balance-Volume (OBV) is leading the way and has already made a new all-time high and tells us that buyers of NKE have been more aggressive. The Moving Average Convergence Divergence (MACD) oscillator has been bullish since the middle of April.