Nike (NKE) Volatility Rises as Shares Move Below 50-Day SMA
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Nike, Inc. (NYSE: NKE) volatility is elevated as it shows weakness Tuesday following a warning issued by Fossil (Nasdaq: FOSL) earlier, which is hitting the clothing sector.
Implied volatility is up 16.5 percent on the session to 23 percent. Volatility is 134 percent of its historical annual average.
Shares of Nike are 4 percent lower on the session, crossing over its 50-day moving average at $109.60. Investors will be keeping an eye on the $106 level, which has provided Nike with some support since the start of March.
Implied volatility is up 16.5 percent on the session to 23 percent. Volatility is 134 percent of its historical annual average.
Shares of Nike are 4 percent lower on the session, crossing over its 50-day moving average at $109.60. Investors will be keeping an eye on the $106 level, which has provided Nike with some support since the start of March.
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