Looking at the stock chart, you can see that Nike may be in a downward trend with lower highs, but we have yet to see the lower low. Nike is a company that sells athletic wear along with casual clothing and shoes. People mostly know the brand from sports and their dominance in the athletic industry. Beyond that, Nike has been able to establish a brand that no matter what era it is, many recognize the swoosh symbol and associate that with quality and performance.
fundamentals retail nike consumer cyclical footwear & accessories consumer goods