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Foot Locker Inc Crosses Above its 10-day MA (FL)

By David Diaz

Today, shares of Foot Locker Inc (NYSE:FL) have crossed bullishly above their 10-day moving average of $41.53 on a volume of 349K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Foot Locker Inc share prices have moved between a 52-week high of $68.00 and a 52-week low of $39.06 and are now trading 7% above that low price at $41.95 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 2.9%.

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 26.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses foot locker inc

Ticker(s): FL