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Bearish Moving Average Cross by Foot Locker Inc (FL)

By David Diaz

Foot Locker Inc (NYSE:FL) crossed under its 10-day moving average of $56.05 on a volume of 358K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Foot Locker Inc share prices have been bracketed by a low of $43.70 and a high of $68.00 and are now at $55.44, 27% above that low price. The 200-day and 50-day moving averages have moved 0.21% higher and 0.52% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Foot Locker Inc and will alert subscribers who have FL in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses foot locker inc

Ticker(s): FL