Technical Summary: For the NKE stock is trading like a big company that is struggling to find revenue growth. Which is not unexpected because it happens to be a big company that is strugging to find revenue growth. It has traded in this range for the last 2 years. Prior to this the stock was on a consistent uptrend as it moved from around $23 per share through to $68. This period coincided with strong fundamental performance from the company. While the chart above is range bound the stock is not without volatility. With significant price gaps scarring the chart. There is no real technical reason to buy NKE at the moment. The stock is best left for fundamental investors who are confident that NKE will see its way through the current period into growth. Mean reversion traders or investors may find significant support at around $50 per share. Any break to the downside of $50 per share may herald a downtrend.