Can Nike shares Run Higher Into Year End?
How have the latest COVID-19 restrictions impacted demand for Nike gear in China? Will the lifting of restrictions and the warmer summer months give a reason for optimism regarding Nike’s share prices? Nike shares tend to have a strong summer. Will that strong seasonal pattern repeat itself again this year?
Over the last 15 years between July 27 and September 25, Nike shares have gained a total of 11 times and lost value 4 times. The largest gain was +27.80% and the largest fall was -10.04%. The average return has been an impressive 5.22%.
Will Nike shares gain again during this period?
Major Trade Risks: Watch out for any very bad news on Nike to negate this outlook as well as any other major news that harms global sentiment towards US stocks.
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