Although the company's earnings look strong and the management's outlook remains positive, investors were not thrilled and the stock is trading 3% lower on today's trading session. This selloff brought NIKE down to test its 50-day moving average on a heavy volume, but the stock has been able to hold above this key technical level.

NIKE, Inc (NYSE:NKE) is engaged in design, development and marketing of footwear, apparel, equipment and accessory products. NIKE, Inc achieved its new 52 week high price of $104.15 where it was opened at $101.45 up 1.28 points or +1.25% by closing at $103.39. NKE transacted shares during the day were over 2.97 million shares however it has an average volume of 2.41 million shares.

NIKE, Inc (NYSE:NKE) (NIKE), is engaged in design, development and marketing of footwear, apparel, equipment and accessory products. NIKE is a seller of athletic footwear and athletic apparel in the world. NIKE, Inc achieved its new 52 week high price of $98.75 where it was opened at $96.71 up 1.41 points or +1.46% by closing at $98.22.

Standard Microsystems Corp. (NASDAQ:SMSC)

Standard Microsystems Corp. is a leading developer of Smart Mixed-Signal Connectivity™ solutions. SMSC employs a unique systems level approach that incorporates a broad set of technologies and intellectual property to deliver differentiating products to its customers.