NIKE, Inc. (NYSE:NKE) has recently been spotted approaching 52-week highs. Investors may be following how the stock price reacts as it nears this level. At the time of writing, company shares had recently hit 82.20. At this level, shares are noted trading -8.67% away from the 52-week high mark. Investors will be curious to see if the stock can maintain momentum after breaking the 52-week high or if the level is merely breached and there is a pullback. Traders and investors might have to make the decision whether to lock in current profits, or hold on for a further push higher.
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With the stock nearing 52-week highs, investors may be trying to project the price action over the next few months.