NIKE (NKE) Pulling Back To 50DMA

NIKE (NKE) has recently pulled back to its 50DMA with declining volume. Will the momo traders buy up this dip?

NIKE (NKE)
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The red price bars showing underperformance vs. SPX.

This is something to keep an eye on.

When you have strong uptrends pullback moves are usually bought up right around the 50DMA area.