FL is printing a bullish hammer canldestick price bar near the 11/17 gap-up LOD on above average volume with my momentum/trending oscillators confirming the price move. I am going long FL Wednesday morning using a limit order (GTC-BUY-LMT) @ 40.45. I will have two trailing sell stops (GTC-SELL-STP) @ 38.66 and 38.25 to protect my initial invested capital in case...
Retail in general battered. FL down from $80 to $30... think ultimately we head sub $30 but looking for a bounce here off support into earnings. Nice juicy gap up into $47
Unless you've been living under a rock somewhere, you'll know that last week we experienced a pop in VIX. Ordinarily, this would get me somewhat excited to put on broad market index exchange-traded fund stuff in SPY, IWM, and QQQ. However, running my standard defined risk setups in those underlyings has led to minor disappointment -- while they are paying more...
Foot Locker Incorporated has been in a bullishtrend since 2008. It has however, been moving downward since its most recent earnings call. On multiple occasions through this trend, three of the technical indicators discussed below are at similar or lower levels, than they are now. These instances have resulted in nice short-term gains for the stock. I have laid out...
FL seems forming a rising wedge formation. Breaking below $70.13 would be wedge break-down confirmation, and if it breaks it can decline to $66. * Trade Criteria * Date first found- February 21, 2017 Pattern/Why- Rising wedge Entry Target Criteria- Break of $70.13 Exit Target Criteria- $66 Stop Loss Criteria- N/A Please check back for Trade updates....
Consumer discretionaries are getting trounced. Watch this one...