The sporting goods retailer's shares are not winning any medals on Tuesday.
Buyers have been aggressively snapping up shares of Dick's Sporting Goods, which may bode well for the direction of the company's stock price.
Analysts and investors aren't overly concerned about Nike's Duke debacle.
I'm more interested in how NKE continues to perform in China along with the current technical picture on the weekly chart.
Nike has shown resilience to product mishaps in the past.
I want to see how the chart and indicators are positioned to see if this event will be lasting or temporary.
Nike's not liking the attention on Thursday,
Under Armour rallied sharply recently and it is now only about $2 or so away from what looks like a major upside breakout.
This is a time to be cautious and not too bullish.
Let's check out some updated charts and indicators.