Down 75% From Its High, How Much Lower Can Nike Get?

Nike appears to be in the early stages of a turnaround that is beginning to gain traction, but persistent, fierce headwinds have pushed the recovery timeline out. The delay increases downside risk for the stock and leaves the market vulnerable to a deeper decline; reassess position sizing and consider near-term risk mitigation.

Analysis

Nike appears to be in the early stages of a turnaround that is beginning to gain traction, but persistent, fierce headwinds have pushed the recovery timeline out. The delay increases downside risk for the stock and leaves the market vulnerable to a deeper decline; reassess position sizing and consider near-term risk mitigation.