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Nike Inc. (NKE)

Since bottoming out with the market in March of 2020, Nike (NKE) shares have been steadily advancing in a step pattern of rallies followed by periods of consolidation at higher levels. In recent weeks, the shares have started to climb again, regaining their 50-day average near $160.00 (which reverses polarity to become initial support) and breaking out to a new all-time high above $175.00 yesterday. Next potential upside resistance on trend appears in the $200.00 to $205.00 area where a round number and a measured move converge.

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