$NKE I believe is at a very important junction, it has its earnings this Thursday after the market closes on the 27th and it could be in a good position to move a lot higher if they report a flawless earnings.
Price has held above the important red line support level at $88 and has now converted the 50 Day MA to support, next test will be flipping the historical support yellow line at $98 to support and then the 200 Day MA just slightly higher at $101.....a positive report and this will go through all levels higher.
Remember, olympics will start in 1 month too, which is a fantastic advertising event for $NKE.