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Potential gap fill trade setup. Alert set for break above $48.00 Target price $52.00
Footlocker has recovered fairly well. It's been on a slow but steady uptrend while recently blowing past pre-pandemic pricing. Footlocker recently hired CIO to oversee the online portion of operations and if history knows. A new CIO that specializes in online shake ups at companies is a good thing for a long term prospectus.
As vaccine distribution continues, Consumer/Retail Discretionary should be an outperforming sector for 2021. The retailers who are expected to contribute to this growth are those who offer an excellent online AND brick-and-mortar experience. Retailers are now in a context where they can grow without needing to expand their physical footprint. My strategy is to...
Hey everyone and welcome, We are already up 40% on Foot Locker ! So why am I not selling yet ? We can see on the graph that Footlocker has recovered to a pre covid price. What is interesting though is that in 2019 Q3 the stock price was around 40$ with a profit of 125 Million. Now look at the stockprice in 2020 Q3, the stock price is around 40 with a proft of...
The PEAD projected a neutral outlook for $FL after a positive over reaction following its earning release placing the stock in Drift B If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Flowserve had a good earnings which brought its profit margins way up. Stocks that are beaten down and can be bought for a "good value", like flowserve, are being bought up very quickly. This one in particular shows a strong bullish momentum - as seen by price action and technical indicators.
Hey guys, FLOWSERVE CORP is in a fake bearish push with low volume of sales made and a trace of buyers. On the TIMEFRAME M1 we can see a dash with a low purchase volume that is heading to breakout the range. Great possibility of a bullish facelift but for the moment not in this almost all with strong resistance. No breakout on the volume at this time (See...
Hello Everyone! Looking at the daily chart of Foot Locker it is quite interesting to spot the divergence between price and RSI once it reached the upper Bollinger Band and the previous bounce of the price off its 100 sma. Considering that FL has recovered almost all have been lost during the pandemic, and earnings are coming on 20th November, it seems there is...
Post earnings rally looks set to continue if optimism continues that the economy and consumer is coming back fast. Major break above downtrend and 200ma complete. Potential long targets $35.25 to previous pivot $37.00 Strong horizontal resistance
This week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim to close positions fast, often before the end of the day. Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum. About Entry / Exit, I have two options,...
Footlocker is opening up +20% premarket on Monday on the back of strong sales and profit outlook. The red line represents the Accent group which is the leading footwear retailer in Australia. The charts follow pretty much the same pattern and show strong consolidation at the levels marked. Footlocker broke out today. AX1 this coming week?
FOOT LOCKER. Wow. Ok. BULLISH DIVERGENCE ON THE MONTHLY TIME FRAME !! NOT EVEN SHOWING POSITIVE MOMENTUM ON MAC D HISTOGRAM YET. COULD BE A BIG ONE
FLS created an ascending triangle pattern with a nice upside target horizontal lines are targets and dotted line are nearby resistance stop at close below 30