NKE Trade on Dec 20, 2019 09:33 from Cklamb: Tradervue User Stock Trades.

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Cklamb

 

NKE

Statistics
Total gain/loss:
$27.22
Largest gain:
$27.22 (show)
Average daily gain/loss:
$27.22
Largest loss:
$0.00
Average daily volume:
9640
Average per-share gain/loss:
$0.01
Average winning trade:
$27.22
Average trade gain/loss:
$27.22
Average losing trade:
n/a
Trade P&L standard deviation:
n/a
Total number of trades:
1
Profit factor:
n/a
Number of winning trades:
1 (100.0%)
Average hold time (winning trades):
about 6 hours
Number of losing trades:
0
Average hold time (losing trades):
0
Max consecutive wins:
1 (show)
Max consecutive losses:
0
Average position MFE:
$33.44
Average position MAE:
$-17.43
Intraday Fundamentals
• 04:51 AM EST, 12/20/2019 (MT Newswires) -- Nike (NKE) posted better-than-expected results for its fiscal second quarter after markets closed on Thursday as strong growth in Greater China and Latin America helped make up for a tepid increase in sales on the retailer's home turf in North America.
• Revenue at the Beaverton, Ore-based provider of footwear and apparel rose to $10.33 billion during the three months that ended Nov. 30 from $9.37 billion a year ago, outpacing the $10.09 billion average analyst estimate compiled by Capital IQ.
• Sales for the NIKE brand were up by 12% year-over-year, on a currency-neutral basis. Greater China recorded revenue growth of 23%, followed by an 18% surge in Asia Pacific & Latin America. In contrast, turnover in North America, which accounts for about 38% of group revenue, was up by 5%.
• In line with higher sales, earnings per share of $0.70 were up from $0.52 a year earlier and also beat the $0.58 market forecast.
• Nike said the 20 basis-point expansion in gross margin reflected the opposing effects of higher average selling prices and steeper product manufacturing costs, which in turn were the result of incremental tariffs in North America.
• Earlier this month, the US and China announced a partial trade deal under which the Trump administration has agreed to roll back some of the tariffs imposed on the world's second largest economy during the 17-month long trade row. More importantly, President Donald Trump also pulled a plan to levy new import duties on China by mid-December.
• Nike's effective tax rate in the quarter was 10.7%, compared with 15% a year ago, mainly because of a more favorable effect of stock-based compensation.
• "NIKE delivered another strong quarter of accelerating, high-quality growth, driven by strategic and targeted investment in our digital transformation," said Andy Campion, Executive Vice President and Chief Financial Officer of NIKE, said.
• "As we deliver a relentless flow of innovation and scale NIKE's digital advantage, we are positioned for even greater competitive separation and long-term shareholder value creation."
• During the second quarter, Nike repurchased 10.1 million shares for about $922 million as part of its four-year, $15 billion buyback program approved by the board in June 2018.
Technicals
ADV 6.67m RVOL 1.53 ATR 1.44 BETA .83 Short .62% Inst Own 84.8%
Daily

Hourly

Intraday

Trading Strategy

• More or less find a place to long this
• 99.50 would be a place to be bigger if it flushes there at the open
• Trade this small due to closing at an all time high expect some selling on the news
• If it continues to strengthen in the PM opening long
• 100 and 100.25 are solid
Reading the Tape

I would say that I saw a lot here that helped. But, not really. You could see some strength later in the morning around 99.30. the tape would be erractic below that and could spike down to the mid teens from time to time.

I think the tape could have keep out of the opening long if I would have given it more time to help me make a decision.

Trade Management

Review notes

• I needed to bail on the opening long instead of add to it
• I was on the right side of this after that the whole day’
• There was nothing in the last 90 minutes that was promising and I should not have been tying to work 100 so tightly
• I need to be a little bigger on this after the opening. But, I was trading with a comfortable size on this most of the day.

image


Execution detail:

Date/time Symbol Side Price Position
2019-12-20 09:33:46 NKE buy $100.069 long
2019-12-20 09:35:19 NKE buy $99.768 long
2019-12-20 09:41:48 NKE buy $98.980 long
2019-12-20 09:48:42 NKE sell $99.532 long
2019-12-20 10:18:18 NKE sell $99.260 0
2019-12-20 10:24:29 NKE buy $99.235 long
2019-12-20 10:24:33 NKE sell $99.267 0
2019-12-20 10:24:44 NKE buy $99.326 long
2019-12-20 10:24:49 NKE sell $99.333 long
2019-12-20 10:25:05 NKE sell $99.250 0
2019-12-20 10:25:59 NKE buy $99.180 long
2019-12-20 10:26:38 NKE sell $99.230 long
2019-12-20 10:34:44 NKE sell $99.680 0
2019-12-20 10:40:46 NKE buy $99.819 long
2019-12-20 10:42:09 NKE sell $99.787 0
2019-12-20 10:43:02 NKE buy $99.856 long
2019-12-20 10:43:06 NKE sell $99.930 long
2019-12-20 10:45:58 NKE sell $99.841 0
2019-12-20 11:09:07 NKE buy $99.250 long
2019-12-20 11:09:21 NKE sell $99.298 long
2019-12-20 11:13:26 NKE sell $99.281 0
2019-12-20 11:20:53 NKE buy $99.275 long
2019-12-20 11:24:24 NKE sell $99.290 0
2019-12-20 11:28:09 NKE buy $99.230 long
2019-12-20 11:28:13 NKE sell $99.230 long
2019-12-20 11:28:37 NKE sell $99.201 0
2019-12-20 11:31:57 NKE buy $99.299 long
2019-12-20 11:32:28 NKE sell $99.310 0
2019-12-20 11:36:17 NKE buy $99.312 long
2019-12-20 11:39:23 NKE sell $99.275 0
2019-12-20 11:49:34 NKE buy $99.230 long
2019-12-20 11:51:51 NKE sell $99.270 long
2019-12-20 11:54:26 NKE sell $99.230 0
2019-12-20 11:55:17 NKE buy $99.284 long
2019-12-20 11:55:23 NKE sell $99.291 long
2019-12-20 12:01:02 NKE sell $99.375 0
2019-12-20 12:01:26 NKE buy $99.444 long
2019-12-20 12:01:31 NKE sell $99.445 long
2019-12-20 12:01:36 NKE sell $99.450 long
2019-12-20 12:02:17 NKE sell $99.470 0
2019-12-20 12:03:05 NKE buy $99.460 long
2019-12-20 12:03:45 NKE sell $99.410 long
2019-12-20 12:03:45 NKE sell $99.410 0
2019-12-20 12:04:02 NKE buy $99.435 long
2019-12-20 12:04:51 NKE sell $99.480 long
2019-12-20 12:05:15 NKE sell $99.440 0
2019-12-20 12:06:07 NKE buy $99.452 long
2019-12-20 12:06:10 NKE sell $99.470 long
2019-12-20 12:06:13 NKE sell $99.466 long
2019-12-20 12:06:17 NKE sell $99.470 long
2019-12-20 12:16:07 NKE sell $99.553 0
2019-12-20 12:19:13 NKE buy $99.575 long
2019-12-20 12:19:39 NKE sell $99.555 0
2019-12-20 12:24:15 NKE buy $99.545 long
2019-12-20 12:24:19 NKE sell $99.546 long
2019-12-20 12:24:34 NKE sell $99.590 long
2019-12-20 12:25:20 NKE sell $99.676 long
2019-12-20 12:30:19 NKE sell $99.561 0
2019-12-20 12:40:14 NKE buy $99.860 long
2019-12-20 12:40:14 NKE buy $99.860 long
2019-12-20 12:40:22 NKE sell $99.881 long
2019-12-20 12:40:37 NKE sell $99.880 long
2019-12-20 12:41:44 NKE sell $99.847 0
2019-12-20 12:44:16 NKE buy $99.780 long
2019-12-20 12:44:20 NKE sell $99.800 long
2019-12-20 12:44:23 NKE sell $99.785 long
2019-12-20 12:44:27 NKE sell $99.777 0
2019-12-20 12:52:23 NKE buy $99.620 long
2019-12-20 12:52:38 NKE sell $99.651 long
2019-12-20 12:53:03 NKE sell $99.601 0
2019-12-20 12:55:57 NKE buy $99.570 long
2019-12-20 12:56:00 NKE sell $99.576 long
2019-12-20 12:56:19 NKE sell $99.537 0
2019-12-20 12:59:31 NKE buy $99.540 long
2019-12-20 12:59:43 NKE sell $99.520 0
2019-12-20 13:02:28 NKE buy $99.464 long
2019-12-20 13:06:10 NKE sell $99.560 long
2019-12-20 13:16:29 NKE buy $99.545 long
2019-12-20 13:16:59 NKE sell $99.567 long
2019-12-20 13:19:16 NKE buy $99.740 long
2019-12-20 13:22:12 NKE sell $99.720 0
2019-12-20 13:24:03 NKE buy $99.765 long
2019-12-20 13:24:09 NKE sell $99.747 long
2019-12-20 13:25:00 NKE sell $99.725 0
2019-12-20 13:28:53 NKE buy $99.754 long
2019-12-20 13:28:59 NKE sell $99.767 long
2019-12-20 13:30:43 NKE sell $99.690 0
2019-12-20 13:32:45 NKE buy $99.729 long
2019-12-20 13:33:26 NKE sell $99.720 0
2019-12-20 13:34:37 NKE buy $99.715 long
2019-12-20 13:35:01 NKE sell $99.730 long
2019-12-20 13:35:12 NKE sell $99.720 long
2019-12-20 13:36:04 NKE buy $99.810 long
2019-12-20 13:36:15 NKE buy $99.834 long
2019-12-20 13:37:20 NKE buy $99.935 long
2019-12-20 13:37:56 NKE sell $99.930 long
2019-12-20 13:38:10 NKE sell $99.860 0
2019-12-20 13:38:50 NKE buy $99.890 long
2019-12-20 13:38:56 NKE sell $99.882 0
2019-12-20 13:39:49 NKE buy $99.879 long
2019-12-20 13:39:53 NKE sell $99.880 0
2019-12-20 13:42:09 NKE buy $99.894 long
2019-12-20 13:42:52 NKE sell $99.867 0
2019-12-20 13:45:18 NKE buy $99.885 long
2019-12-20 13:45:23 NKE sell $99.895 long
2019-12-20 13:45:27 NKE sell $99.897 long
2019-12-20 13:46:17 NKE sell $99.880 0
2019-12-20 13:46:56 NKE buy $99.904 long
2019-12-20 13:47:17 NKE sell $99.920 long
2019-12-20 13:48:10 NKE sell $99.970 long
2019-12-20 13:50:11 NKE buy $100.020 long
2019-12-20 13:50:41 NKE sell $99.980 0
2019-12-20 13:52:25 NKE buy $100.000 long
2019-12-20 13:52:36 NKE sell $100.020 long
2019-12-20 13:52:41 NKE sell $100.010 long
2019-12-20 13:52:46 NKE sell $100.020 0
2019-12-20 13:53:08 NKE buy $100.000 long
2019-12-20 13:53:11 NKE sell $100.000 0
2019-12-20 13:55:10 NKE buy $99.936 long
2019-12-20 13:55:18 NKE sell $99.935 0
2019-12-20 13:56:34 NKE buy $99.942 long
2019-12-20 13:56:43 NKE sell $99.951 long
2019-12-20 14:01:44 NKE sell $99.950 0
2019-12-20 14:05:34 NKE buy $99.950 long
2019-12-20 14:06:44 NKE sell $100.010 long
2019-12-20 14:09:34 NKE sell $99.935 0
2019-12-20 14:11:20 NKE buy $99.950 long
2019-12-20 14:12:42 NKE sell $99.946 0
2019-12-20 14:13:22 NKE buy $99.950 long
2019-12-20 14:13:58 NKE sell $99.925 0
2019-12-20 14:15:33 NKE buy $99.950 long
2019-12-20 14:15:38 NKE sell $99.960 long
2019-12-20 14:17:50 NKE sell $99.970 long
2019-12-20 14:23:09 NKE buy $100.000 long
2019-12-20 14:23:22 NKE sell $100.025 long
2019-12-20 14:23:43 NKE sell $100.000 0
2019-12-20 14:24:03 NKE buy $100.010 long
2019-12-20 14:24:08 NKE sell $100.036 long
2019-12-20 14:25:15 NKE buy $100.181 long
2019-12-20 14:25:28 NKE sell $100.140 0
2019-12-20 14:26:03 NKE buy $100.165 long
2019-12-20 14:26:09 NKE sell $100.170 long
2019-12-20 14:26:18 NKE sell $100.180 long
2019-12-20 14:31:14 NKE sell $100.130 0
2019-12-20 14:31:53 NKE buy $100.160 long
2019-12-20 14:31:57 NKE sell $100.175 long
2019-12-20 14:32:02 NKE sell $100.180 long
2019-12-20 14:32:20 NKE sell $100.178 0
2019-12-20 14:38:16 NKE buy $100.164 long
2019-12-20 14:38:21 NKE sell $100.170 0
2019-12-20 14:43:10 NKE buy $100.120 long
2019-12-20 14:43:17 NKE sell $100.146 long
2019-12-20 14:44:52 NKE sell $100.136 0
2019-12-20 14:46:05 NKE buy $100.119 long
2019-12-20 14:46:10 NKE sell $100.090 0
2019-12-20 14:49:28 NKE buy $100.170 long
2019-12-20 14:49:33 NKE sell $100.175 long
2019-12-20 14:50:05 NKE sell $100.170 0
2019-12-20 14:50:52 NKE buy $100.166 long
2019-12-20 14:51:00 NKE sell $100.180 long
2019-12-20 14:51:05 NKE sell $100.189 long
2019-12-20 14:51:15 NKE sell $100.170 long
2019-12-20 14:53:45 NKE sell $100.130 0
2019-12-20 14:55:30 NKE buy $100.114 long
2019-12-20 14:55:33 NKE sell $100.115 long
2019-12-20 14:56:00 NKE sell $100.120 long
2019-12-20 14:56:17 NKE sell $100.115 long
2019-12-20 15:00:57 NKE buy $100.145 long
2019-12-20 15:04:20 NKE sell $100.146 0
2019-12-20 15:05:02 NKE buy $100.170 long
2019-12-20 15:05:16 NKE sell $100.176 0
2019-12-20 15:07:51 NKE buy $100.170 long
2019-12-20 15:08:11 NKE sell $100.160 0
2019-12-20 15:08:20 NKE buy $100.170 long
2019-12-20 15:08:24 NKE sell $100.175 long
2019-12-20 15:08:36 NKE sell $100.151 0
2019-12-20 15:10:39 NKE buy $100.140 long
2019-12-20 15:10:45 NKE sell $100.154 long
2019-12-20 15:10:51 NKE sell $100.160 long
2019-12-20 15:11:39 NKE sell $100.131 0
2019-12-20 15:12:21 NKE buy $100.150 long
2019-12-20 15:12:29 NKE sell $100.175 long
2019-12-20 15:12:48 NKE sell $100.180 long
2019-12-20 15:15:09 NKE sell $100.170 0
2019-12-20 15:16:43 NKE buy $100.190 long
2019-12-20 15:17:26 NKE sell $100.180 0
2019-12-20 15:18:46 NKE buy $100.160 long
2019-12-20 15:18:51 NKE sell $100.178 0
2019-12-20 15:20:44 NKE buy $100.200 long
2019-12-20 15:20:49 NKE sell $100.201 long
2019-12-20 15:20:54 NKE sell $100.195 0
2019-12-20 15:24:30 NKE buy $100.125 long
2019-12-20 15:24:35 NKE sell $100.126 long
2019-12-20 15:24:40 NKE sell $100.125 long
2019-12-20 15:24:50 NKE sell $100.115 0
2019-12-20 15:30:16 NKE buy $100.070 long
2019-12-20 15:30:20 NKE sell $100.075 long
2019-12-20 15:30:31 NKE sell $100.080 long
2019-12-20 15:31:14 NKE sell $100.015 0
2019-12-20 15:45:10 NKE buy $100.014 long
2019-12-20 15:45:16 NKE sell $100.000 long
2019-12-20 15:45:32 NKE sell $99.995 0
2019-12-20 15:46:11 NKE buy $100.010 long
2019-12-20 15:46:14 NKE sell $100.010 0
2019-12-20 15:46:31 NKE buy $100.014 long
2019-12-20 15:46:35 NKE sell $100.020 long
2019-12-20 15:46:35 NKE sell $100.015 0
2019-12-20 15:47:37 NKE buy $100.010 long
2019-12-20 15:47:45 NKE sell $100.015 0
2019-12-20 15:52:01 NKE buy $100.000 long
2019-12-20 15:52:05 NKE sell $99.995 0
2019-12-20 15:53:08 NKE buy $100.015 long
2019-12-20 15:54:14 NKE sell $99.961 0

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