I've been looking at $NKE-0.2% stock this week and it's down about 2% for the year. Nike is a great company for me and I wouldn't be afraid to include shares of this company in my portfolio. The current price isn't bad for me, however, I would think about buying below $110.
Do you have $NKE-0.2% stock in your portfolio and if so, at what price are you overbought?
Nike
NKEOpen $80.88
Day range $80.35 - $81.88
52 week range $70.75 - $123.39
To be interesting to me, it would have to fall below $100, preferably towards $90.
I also like Nike, but unfortunately I missed the train. I used to watch them when they were under $100 and would shop there, not anymore. Unfortunately, I was more worried about the Fed outlook at the time and where it might send it so I didn't go in expecting more dips.
NKE I have a small position, I'd add 105 and below.