In financial markets, certain price levels are more important than others. Sometimes the reason why a level is important is clear but many times it isn’t. The good news for traders is they don’t need to know why. They just need to be able to identify which ones are. For example, as you can see on the chart of Nike Inc. (NYSE:NKE) the $88.50 level is important. This is why our team of trading experts has made it our Stock of the Day. In September 2023, $88.50 was a support level. It is not clear why. It was also a support level in April. But this time, the reason why it was support was due to a…