• Return to Headlines

Bullish Moving Average Cross by Foot Locker Inc (FL)

By David Diaz

Today, shares of Foot Locker Inc (NYSE:FL) have advanced above their 10-day MA of $40.27 on a volume of 663K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Foot Locker Inc share prices have been bracketed by a low of $33.12 and a high of $68.00 and are now at $40.61, 23% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Foot Locker Inc on May 2nd, 2019 by issuing a Downtrend alert when the shares were trading at $56.10. Since that call, shares of Foot Locker Inc have fallen 29.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses foot locker inc

Ticker(s): FL