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Foot Locker Inc: New 52-Week Low Set Today (FL)

By David Diaz

Foot Locker Inc (NYSE:FL) traded at a new 52-week low today of $36.79. This new low was reached on above average trading volume as 6.7 million shares traded hands, while the average 30-day volume is approximately 3.6 million shares.

Foot Locker Inc has overhead space with shares priced $37.84, or 26.5% below the average consensus analyst price target of $51.50. The stock should find initial resistance at its 50-day moving average (MA) of $41.20 and further resistance at its 200-day MA of $51.72.

Foot Locker, Inc. retails footwear. The Company offers athletics footware, apparel, and equipment for men, women, and kids. Foot Locker serves customers worldwide.

In the past 52 weeks, shares of Foot Locker Inc have traded between the current low of $36.79 and a high of $68.00 and are now at $37.84. Over the past week, the 200-day moving average (MA) has gone down 0.3% 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 25.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows foot locker inc

Ticker(s): FL