Nike's Earnings Surprise: Can the Jump Last?
Update: 2025-10-01
Description
Nike's stock price surged nearly four percent after a surprise earnings report revealed unexpected sales growth, defying analyst predictions of a decline. Strong wholesale, running, and North American performance offset weaker results in China, fueling investor optimism despite increased tariff concerns and a cautious outlook for the holiday season. Technical analysis points to potential breakout from a falling wedge pattern, with key resistance levels at $80, $90, and $98, and support levels at $71 and $63. Can Nike maintain this momentum?
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