• Return to Headlines

Foot Locker Inc Falls 2.79% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

Foot Locker Inc (NYSE:FL) traded in a range yesterday that spanned from a low of $46.41 to a high of $48.23. Yesterday, the shares fell 2.8%, which took the trading range below the 3-day low of $47.63 on volume of 1.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Foot Locker Inc share prices have moved between a 52-week high of $59.40 and a 52-week low of $28.42 and are now trading 65% above that low price at $47.03 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.5%.

SmarTrend is tracking the current trend status for Foot Locker Inc and will alert subscribers who have FL in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders foot locker inc

Ticker(s): FL