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Foot Locker Inc Set to Possibly Rebound After Yesterday's Selloff of 1.30%

By David Diaz

Foot Locker Inc (NYSE:FL) traded in a range yesterday that spanned from a low of $58.47 to a high of $59.40. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $58.92 on volume of 1.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Foot Locker Inc on January 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $54.67. Since that recommendation, shares of Foot Locker Inc have risen 8.6%. We continue to monitor FL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Foot Locker Inc have traded between a low of $40.02 and a high of $68.00 and are now at $58.58, which is 46% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.0%.

Keywords: rebounders foot locker inc

Ticker(s): FL