Nike is due to report Q2 Results on Thurs, 20 Dec (after-market)

• The chart shows the price movements last time Nike reported (Q1 Results, 25 Sept, after-market).
• Shares opened $-2.21 (-2.6%), traded as high as -$0.08 (-0.1%), but fell as low as -$2.86 (-3.4%)
• The shares closed -$1.08p (-1.3%), for a daily trading range of $2.78 or 3.3%.
• Shares -15.7% from 2018 highs, +16.8% from 2018 lows, +15.9% year-to-date.
• Currently trading at $72.55 (Friday’s close).
• Nike will publish Q2 Results on Thurs, 20 Dec. Will we see another big move?
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Nike – An Example

Let’s say you think that Nike results are likely to be good, and the price is likely to rise. You decide to buy exposure to £10,000 worth of Nike using a CFD, at the current price of $72.55. To do this, you need £2,000.

For the purpose of this example, let’s assume Nike reports strong results and the share price rises by 10%. Your profit would be £1,000, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Nike results miss, it falls 5% and hits your stop-loss. Your loss would be £500.

This is provided for information purposes only. It should not be taken as a recommendation.