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After Yesterday's Decline of 1.90%, Foot Locker Inc Offers Investors Better Value

By James Quinn

Foot Locker Inc (NYSE:FL) traded in a range yesterday that spanned from a low of $37.18 to a high of $38.06. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $37.96 on volume of 1.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 32.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Foot Locker Inc share prices have moved between a 52-week high of $68.00 and the current low of $37.30 and are currently at $37.31 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.2%.

Keywords: rebounders foot locker inc

Ticker(s): FL