Chart of the Day - Nike (NKE)

The "Chart of the Day" is Nike (NKE), which showed up on Friday's Barchart "All Time High" list. Nike on Friday posted a new all-time high of $98.25 and closed up 2.63%. TrendSpotter has been Long since Nov 38 at $96.18. In recent news on the stock, Citigroup added Nike to its Top Picks Live list, reiterating its Buy rating and raising its price target to $113 from $101 on expectations that Nike on Dec 20 will report revenue upside and higher gross margin guidance. Nike on Nov 17 raised its quarterly dividend to 36 cents from 31 cents. Nike, with a market cap of $44 billion, sells footwear, apparel, equipment, and accessory products.