Footlocker ( FL) has been resting from a fall and waiting LONG
https://www.msn.com/en-us/money/other/foot-locker-gains-after-landing-bull-rating-from-evercore/ar-BB1kueDS[/url]
FL is here on a 30 -minute chart. It fell badly after good earnings 3 weeks ago and has been
resting in a narrow range for about half of that. A volatility squeeze released and some price
action with corresponding increase in relative volume resulted. FL has about 50% upside to
the price level before the last earnings. i am expecting a trade for 2-3 weeks realizing 50%
profit. The news catalyst cited in the link above of an upside of 25% in an upgrade has put
trader's eyes on this ticker. Mine are as well. It has reminded me to check on Nike.
Comment:
Market Entry / SL 25.6 at pivot low immediate left. Target 33 @ price prior to
last earnings or as per the analyst 25% above 26 or about 33.
last earnings or as per the analyst 25% above 26 or about 33.
Trade active:
FL gained 4% in the morning Stop loss now above break even looking for continuation
after the NY lunch
after the NY lunch
Trade active:
Options Trade for July 19 expiration 5 each Buy Calls 22.5 Sell Calls 27.5-
up 10% in the early going $1300 net into the options trade
up 10% in the early going $1300 net into the options trade
Comment:
Founded Employees CEO Website
1879 31,040 Mary Dillon www.footlocker-inc.com
Foot Locker, Inc., through its subsidiaries, operates as a footwear and apparel retailer in North America, Europe, Australia, New Zealand, Asia, and the Middle East. Its brand portfolio includes Foot Locker, a youth culture brand comprising sneakers and apparel; Kids Foot Locker, which offers athletic footwear, apparel, and accessories for children; and Champs Sports that operates as a mall-based specialty athletic footwear and apparel retailer. The company also provides its products under the WSS brand, an athletic-inspired retailer; and atmos brand, a digitally led culturally connected brand featuring sneakers and apparel.
It offers its products through various e-commerce sites and mobile apps. The company was formerly known as Venator Group, Inc. and changed its name to Foot Locker, Inc. in November 2001. The company was founded in 1879 and is headquartered in New York, New York.