Source: TradingView.com Key Takeaways Nike shares jumped Wednesday morning after the sports apparel and equipment maker posted surprise sales growth and topped Wall Street’s earnings expectations. Over the past month, the stock has traded lower within a falling wedge but looks set to break out from the pattern. Investors should watch important overhead areas on Nike's chart around $80, $90 and $98, while also monitoring major support levels near $71 and $63. Nike (NKE) shares jumped in early tradi ...

Triple Breakout Raises ProspectsTuesday’s advance triggered a triple breakout: crude rose above the 20-Day moving average, cleared a small double bottom pattern, and closed above the downtrend line that marked the top of the wedge. Thursday’s close near the same trendline keeps the breakout attempt alive. A daily close at or above this line may set the stage for renewed upside momentum.Still, crude remains in a broader downtrend. Immediate resistance sits just below the falling 50-Day moving average, now at ...