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After Yesterday's Rally of 1.57% Shares Could Potentially Pullback

By Nick Russo

Foot Locker Inc (NYSE:FL) traded in a range yesterday that spanned from a low of $51.37 to a high of $52.41. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $51.64 on volume of 1.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Foot Locker Inc has traded in a range of $28.42 to $79.43 and is now at $52.34, 84% 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 Inc on November 17th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $39.99. Since that recommendation, shares of Foot Locker Inc have risen 28.8%. We continue to monitor FL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders foot locker inc

Ticker(s): FL