Nike falls to its lowest price in more than 12 years

$NKE has fallen to its lowest price in more than 12 years, extending a prolonged decline that has pushed the stock back toward levels last seen in 2014.
The fresh multi-year low confirms that selling pressure remains dominant despite increasingly oversold technical conditions.
A durable recovery would require the stock to stabilize and reclaim important resistance levels rather than relying on oversold readings alone.