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Barchart
Wajeeh Khan

REVEALED: With nike stock deep in oversold territory should you buy the dip | Rare Historical Photos

Nike (NKE) shares slipped further on April 2 as investors weighed the firm's attractive valuation against its recent warning of another 20% sales decline in China and longer-than-expected turnaround timeline. 

The continued plunge in NKE has crashed its relative strength index (14-day) into the late teens, signaling the stock is extremely oversold and primed for a relief rally. 

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