Foot Locker ( NYSE:FL ) finds itself in the spotlight as shares plummet by approximately 29% following the retailer's announcement of a profit outlook below Wall Street expectations for 2024. The dramatic drop in share price reflects investor concerns over the company's planned investments aimed at bolstering demand, which are projected to weigh on profit margins...
Key Takeaway 1. Foot Locker beat third-quarter earnings and sales expectations. 2. The shoe and apparel retailer said it expects better same-stores sales this year than it previously did. 3. Foot Locker has been hit by customers dealing with inflation and Nike’s focus on direct sales. Shares of Foot Locker rose today in premarket trading after the company...
FL has finally reached my level. Entry 1 at cmp Entry 2 will be revealed tonight.
Do not trade options. We should always try to protect our capital. I am going long near the levels discussed in the video. Observe what ever I am saying and then you can take your future decisions.
I will upload the video today but now we have confirmation for foot locker.Trade is imside the yellow box. DO NOT GO LONG AT CURRENT PRICE.
FL should consolidate and then should give an up move. I am expecting consolidation because there is too much selling pressure in it right now. Il analyze it properly in the video. Trade well,safely &wisely.
Foot Locker - 30d expiry - We look to Sell at 46.97 (stop at 49.97) Trading has been mixed and volatile. 47 continues to hold back the bulls. 47.22 has been pivotal. Bespoke resistance is located at 47. Preferred trade is to sell into rallies. The medium term bias is neutral. Our profit targets will be 40.02 and 39.02 Resistance: 42.06 / 43.00 /...
Foot Locker - 30d expiry - We look to Buy at 40.22 (stop at 37.96) Daily signals are bullish. Previous resistance, now becomes support at 40. 50 4hour EMA is at 40.43. Preferred trade is to buy on dips. A later spike higher was met with further selling interest and prices settled lower to post a negative day. A lower correction is expected. Our profit...
$FL has a nice setup in basically every timeframe here, which suggests it could make a major move to the upside from here after next week. If it were to fall below $37 this setup would be invalidated for the most part, so watch out for that. Pays a 4% dividend, has an 11% earnings yield, and 0.42 price to sales ratio, with very low debt and actually producing EPS...
On this chart (1d timeframe), we can see multiple tops have appeared. Multiple tops is a bearish pattern so it's likely the price will drop. Also, there is a gap to be filled. Once the price has gone beneath the support line the trade can be entered. The price will find support in the support area, this would be the area where the profits can be taken. When it...
Foot Locker - Medium Term - We look to Sell at 38.81 (stop at 40.86) Trading within a Bearish Channel formation. Price action continued to range between key support & resistance (30.02 - 40.00) although we expect a break of this range soon. Short term momentum is bearish. Preferred trade is to sell into rallies. Our profit targets will be 30.34 and 24.10 ...
Foot Locker Short Term - We look to Sell a break of 37.95 (stop at 42.06) This stock has recently been in the news headlines. We are trading at overbought extremes. A lower correction is expected. A break of 38.00 is needed to confirm follow through negative momentum. Further downside is expected. Our profit targets will be 28.32 and 24.00 Resistance:...
NYSE:FL Value play, estimated eps of 5-6USD, and trading at all-time lows. I am waiting for the rebound to happen.
Bullish outlook for gains at 44.10, then 46.62 and 48.92. Invalidation at 36.19. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and...
Consolidating at the top of the range, price-imbalance will most likely lead to FootLocker breaking out of channel towards 64.
- TREND ANALYSIS - 📑VALUE: 16/20 📈GROWTH: 0/20 💰PROFITABILITY: 16/20 🚀MOMENTUM: 14/20 💸EARNINGS: 14/20 🖇️TOTAL SCORE: 60/100
Nice bounce at the kijun potentially printing a higher high from here
Hey everyone and welcome, We are already up 40% on Foot Locker ! So why am I not selling yet ? We can see on the graph that Footlocker has recovered to a pre covid price. What is interesting though is that in 2019 Q3 the stock price was around 40$ with a profit of 125 Million. Now look at the stockprice in 2020 Q3, the stock price is around 40 with a proft of...