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

By Nick Russo

Foot Locker (NYSE:FL) crossed over its 10-day moving average of $61.48 on a volume of 287K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Foot Locker have traded between a low of $57.23 and a high of $77.25 and are now at $62.07, which is 8% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Foot Locker on April 5th, 2016 by issuing a Downtrend alert when the shares were trading at $62.77. Since that call, shares of Foot Locker have fallen 3.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Foot Locker

Ticker(s): FL