* Exceptional earnings * Very strong up trend * Very high 3-month relative strength in the Consumer Cyclical sector * Pays dividends * Breaking out of a 5 month base * Formed a cup and handle pattern with a base depth of ~28% and a handle of ~2 weeks * Breaking out with higher than average volume
Trade Idea: * Now's a great time to get in as the price is really close to the broken level * Offering a very nice risk/reward ratio * If you're looking for a discount you can look for an entry near the $174 area
Caution: * A daily close below $174 would expose $170.62 as the support level * A daily close below $170.62 would negate the idea.
Note: * Looking at the growth, earnings and dividends NKE is a great buy and hold stock as well.