The running metaphors for Nike $NKE stock are too obvious, so I’ll do my best to avoid them. However, it cannot be denied that last week’s monster gap higher coming out of earnings has launched the stock around the final turn and it is now sprinting towards a big, fat, round number – $100. That big magnet coupled with a pretty common phenomenon called “post earnings drift” following positively received earnings events sets up a pretty compelling case for a profitable move setting up.
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