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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...
Foot Locker ( NYSE:FL ) finds itself in the spotlight as shares plummet by approximately 29% following the retailer's announcement of a profit outlook below Wall Street expectations for 2024. The dramatic drop in share price reflects investor concerns over the company's planned investments aimed at bolstering demand, which are projected to weigh on profit margins...
Key Takeaway
1. Foot Locker beat third-quarter earnings and sales expectations.
2. The shoe and apparel retailer said it expects better same-stores sales this year than it previously did.
3. Foot Locker has been hit by customers dealing with inflation and Nike’s focus on direct sales.
Shares of Foot Locker rose today in premarket trading after the company...
Footlocker has been on a 36% run in the last 3 months following it's second miss on earnings for the year on August 23rd. During this time the stock as formed a rising wedge which could breakout to the downside on any negative news. They've been dealing with Macroeconomic headwinds, as well as a drastic decrease in sales due to customers spending less and less on...
FL represents a perfect storm of retail maladies, and recent PA shows historical supports providing little resistance to its downward thrusts. Weak buying coming in fits and starts.
Not FA. Always DYOR.
FL on the 15-minute chart has indicators showing bullish divergence after the
big drop on the earnings miss. The volume profile shows heavy trading volumes at the
15.60 level. I am looking for a long trade to the mid-fib level of $20.00. I will set
a buy stop at $ 15.60 for when price crosses over the PCO line of the volume profile
for a trade anticipated...
NYSE:FL had a pretty large gap downward following some pretty bunk earnings. Shoved the 1hr RSI right down into the buy zone and quickly had a bullish crossover. Volume shows that the bulls rushed in and shoved the price right back up into the gap. It had unusually high call volume yesterday, almost like people know gaps usually fill or something. Regardless,...
A strong trend line in green has emerged price is currently testing this level
I use a cup and handle because I see the handle curving around like a handle does and providing upsides.
This is shown with the bars pattern in green.
I think price will bounce off major trend line.
Foot Locker - 30d expiry - We look to Sell at 46.97 (stop at 49.97)
Trading has been mixed and volatile.
47 continues to hold back the bulls.
47.22 has been pivotal.
Bespoke resistance is located at 47.
Preferred trade is to sell into rallies.
The medium term bias is neutral.
Our profit targets will be 40.02 and 39.02
Resistance: 42.06 / 43.00 /...
Things to have in mind:
I've highlighted a few historic values that most analysts have in their notes.
Foot Locker reports their earnings Monday BMO: I'm anticipating the market will buy the surprise.
The bandwidth is at a good value to "squeeze".
Foot Locker - 30d expiry - We look to Buy at 40.22 (stop at 37.96)
Daily signals are bullish.
Previous resistance, now becomes support at 40.
50 4hour EMA is at 40.43.
Preferred trade is to buy on dips.
A later spike higher was met with further selling interest and prices settled lower to post a negative day.
A lower correction is expected.
Our profit...
$FL has a nice setup in basically every timeframe here, which suggests it could make a major move to the upside from here after next week. If it were to fall below $37 this setup would be invalidated for the most part, so watch out for that. Pays a 4% dividend, has an 11% earnings yield, and 0.42 price to sales ratio, with very low debt and actually producing EPS...
Okay, I'm a noob and hoping this will help me in my trading.
As you can see here, there is a bear flag forming on the 1hr on FL as well as what looks to be a double top on the daily.
NYSE:FL
Will go short if $38.54 resistance holds.
Looking for Puts 30+ days out.
TP1: $37.28
TP2: $36.50
TP3: $35.50
SL: $39
On this chart (1d timeframe), we can see multiple tops have appeared. Multiple tops is a bearish pattern so it's likely the price will drop. Also, there is a gap to be filled. Once the price has gone beneath the support line the trade can be entered. The price will find support in the support area, this would be the area where the profits can be taken. When it...
Everyone knows Foot Locker. While athletic footwear sales were down during the pandemic, they're back with a vengeance as work-from-home and the athleisure aesthetic have only grown in popularity (estimated to be a $77 billion business by 2025.) To consumers, sneakers hit many of these elements: practical necessity, recreation and exercise, personal style, luxury...
