Foot Locker, comes back upon contact with important technical level that might give impetus to a rebound.

From a fundamental viewpoint, the company shows positive information with an estimated PER of 12.7x for the current year. Furthermore, the EV/Sales ratio is 0.65x and it confirms the low valuation. Revenues and operating margin growth rates add relevance to this investment.

The area of the USD 31.25 support should enable the stock to have a new bullish trend. The long term support in this area confirms its relevance. Technically, above these levels, 4-traders analysts are optimistic and count on a return toward the short and mid-term resistances.

Investors can take a long position within the USD 31.25/31.8 area. In the first instance, the target price will be the 20-day moving average at USD 33.6 and then the USD 35.85. In case of breakdown of the USD 31.25 support at the closing price, investors should close their positions.