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

By Nick Russo

Foot Locker (NYSE:FL) shares have crossed bullishly above their 10-day moving average of $67.48 on a volume of 253K shares. This may provide swing traders with an opportunity 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 $50.90 and a high of $77.25 and are now at $68.08, which is 34% above that low price. The 200-day and 50-day moving averages have moved 0.25% lower and 0.69% lower over the past week, respectively.

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 21.1%. 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