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Nike RSI hits record low near 27.8 as shares approach 12-year low

Verifying
  • Nike shares reached a record-low monthly RSI reading amid a prolonged selloff.
  • 27.8 was Nike’s monthly RSI reading, the lowest in its long-term history.
  • Nike is set to leave the S&P 100 before Sept. 21 trading, replaced by Palo Alto Networks.
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