Is Nike Headed for $100 and Beyond?

So much for Nike's NKE meandering. If you took advantage this summer to buy additional shares of the athletic footwear giant, first discussed here on May 12, 2009 at a price of $50.98, you made the correct move, and Nike has arced higher since. Nike took out $80 resistance in October, and is now testing $90. Hence now may be a good time to consider taking some profits off the table with NKE. Those investors who can tolerate the risk can hold on to their full position and go for an even bigger gain, as NKE is likely headed. Continue reading the article.