NIKE, Inc. Class B — the decline holds, marking the sharpest weekly drop in months

NIKE, Inc. Class B is at week 16 of a sell signal, with the trade up 28.52% since inception. This week closed with a sharp 9.8% drop — the steepest in 4 weeks — with sellers controlling 85% of volume. Technically, however, a double bottom in the 41 area is forming a support level worth monitoring closely going forward.