Key takeaways:
- Undervalued at the moment.
- Analysts growth estimates at 39% over the next 5 years.
- Aggressive share buy back by the company over the last 5 years. According to Gurufocus, FL's 3 year share buyback ratio is higher than 98% of companies in the retail/cyclical industry.
- Dividend stock. (I am not dividend focused, as I believe more money...
FL has a D/E of 0.00 (macrotrends) and a C/R of 1.73 (macrotrends). My analysis shows a long term down trend in a solid looking channel. Down trends of same or very close lengths -49-50 on tradingviews ruler function. Equally, the uptrend show the same at around +39. Now unless FL breaks out of this long down trend imo its set to continue as normal back down to...
FL is pushing hard against the long term trendline.
Stimulus and reopening of the economy are
obvious stimulants.
Alert set at $58.00 for a potential scale in entry
As vaccine distribution continues, Consumer/Retail Discretionary should be an outperforming sector for 2021. The retailers who are expected to contribute to this growth are those who offer an excellent online AND brick-and-mortar experience. Retailers are now in a context where they can grow without needing to expand their physical footprint. My strategy is to...
Footlocker has recovered fairly well. It's been on a slow but steady uptrend while recently blowing past pre-pandemic pricing. Footlocker recently hired CIO to oversee the online portion of operations and if history knows. A new CIO that specializes in online shake ups at companies is a good thing for a long term prospectus.
Bouncing between support and resistance lines, and looks like it may be able to breach the resistance line this time. If not, it will just take the ride back up to resistance and drop off.
The analysis is strongly backed by MACD, which is at a low. This is much lower than previously, which may mean a stronger push upwards.
RSI is also below the oversold line,...
Hey everyone and welcome,
We are already up 40% on Foot Locker !
So why am I not selling yet ?
We can see on the graph that Footlocker has recovered to a pre covid price. What is interesting though is that in 2019 Q3 the stock price was around 40$ with a profit of 125 Million.
Now look at the stockprice in 2020 Q3, the stock price is around 40 with a proft of...
The PEAD projected a neutral outlook for $FL after a positive over reaction following its earning release placing the stock in Drift B
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Hello Everyone! Looking at the daily chart of Foot Locker it is quite interesting to spot the divergence between price and RSI once it reached the upper Bollinger Band and the previous bounce of the price off its 100 sma.
Considering that FL has recovered almost all have been lost during the pandemic, and earnings are coming on 20th November, it seems there is...
