Foot Locker got to feel a beat up and an overal market over reaction for stocks that missed earnings, even if it missed tiny. The stock dropped more than 30% in two weeks and we are getting close to an open gap at around 32$ with a nice trend line support. In this enviroment the markets react multiple times stronger than usual, so we still need to be carefull...
- NYSE:FL is rebounding off a bullish trend channel in place since the end of 2017 - MFI seems oversold and is looking for a rebound - On a weekly chart, the stock bounced off its 200-week MA - Risk-Reward of almost 3 with a 5% stop-loss
Foot Locker: How to Trade A Stock That Gaps and Craps March 4, 2019 by Dr. Duru Foot Locker (FL) reported earnings before the market opened on March 1, 2019. The initial reaction to the news was extremely positive: FL gapped up 14.0%. Sellers took over from there and pushed the stock down to a close with a 6.0% gain. The stock still managed to close above its...
Foot Locker is setting up to fly high over the next 3-4 months before reaching its next top. This top coincides with my projected market top during the October/November timeframe this year. Based on comparative trend analysis and derivative analytics, Foot Locker should reach its next top between August 9 and November 20 of 2018. The top should occur between ...
FL is printing a bullish hammer canldestick price bar near the 11/17 gap-up LOD on above average volume with my momentum/trending oscillators confirming the price move. I am going long FL Wednesday morning using a limit order (GTC-BUY-LMT) @ 40.45. I will have two trailing sell stops (GTC-SELL-STP) @ 38.66 and 38.25 to protect my initial invested capital in case...
Foot Locker Incorporated has been in a bullishtrend since 2008. It has however, been moving downward since its most recent earnings call. On multiple occasions through this trend, three of the technical indicators discussed below are at similar or lower levels, than they are now. These instances have resulted in nice short-term gains for the stock. I have laid out...