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Foot Locker Crosses Above its 10-day MA (FL)

By Shiri Gupta

Today, shares of Foot Locker (NYSE:FL) have crossed bullishly above their 10-day moving average of $58.82 on a volume of 419K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Foot Locker has traded in a range of $50.90 to $77.25 and is now at $59.10, 16% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.7%.

SmarTrend recommended that subscribers consider buying shares of Foot Locker on July 6th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $55.31. Since that recommendation, shares of Foot Locker have risen 5.7%. We continue to monitor FL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Foot Locker

Ticker(s): FL