Reuters

(Reuters)

Is it Time to Buy Nike?

By Industries FOXBusiness

Break out the champagne! That’s how some saw this past week. But, in stepping back, I see a market that hasn’t come close to being flat-out positive. Instead, it’s made a sharp move…right to resistance.

Continue Reading Below

I heard a lot about the glories of Nike (NKE) on Friday. And while it had a good day, I’d hold off on pulling the trigger.

Without looking at a chart, I’d have guessed Verizon Communications (VZ) would be roaring. I mean, wireless communications continue to soar, and Verizon is a major player. 

The chart tells a different story, though:

Continue Reading Below

Back next week to work off the pounds I put on from Thanksgiving indulgence.

What do you think?

Click the button below to comment on this article.