Foot Locker, Inc. : Ready to come back on tops
By Rosanna Santana
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$36.73 | $0 | $35.8 | -100% |
Technically speaking, the stock follows a well-oriented tendency in a long term, supported by increasing weekly moving averages. Having filled during last trading sessions a previous breakaway gap, the stock should be ready to come back to an upward trend thanks to the support at USD 36.6 and the 100-day moving average.
Investors could take a long position above USD 36.30, this with the objective to reach the USD 41.30 target. The trend is going to be reinforced when prices will break the short term resistance at USD 38.76. A stop loss will be placed below USD 36.30.