could potentially loose weekly handlestalking for a potential short, no pos currently watching .382by Trading_Off_The_Charts2
FL Rising Wedge 3rd day playFL gapped down 10% despite beating earnings into a Daily S level of 46.60. We bounced back to a R of 49 i.imgur.com . Ive got a plan for two scenarios to both long and short depending what we do here. 1st scenario is we fake breakdown / gap out lower of the wedge and find S and trend back to the top trendline or break further for a test of 200sma. This would further the strength of the stock and re adjust price since it beat earnings and has a reason to move higher. 2nd scenario we do break down / gap and stay weak at lower trendline and continue the weakness in retail. Profit target 47.15 and 46.60. Other stocks in retail like HIBB, GPS, M will influence the direction here and if SPY falls back we could see moves in either direction.by anthonylarro1
Flag of the bearish kindHi guys, This looks like an ascending wedge/bear flag. Earnings report could throw this off in some direction but I am pretty sure we are headed down. You could buy the break down or try to get a short - fill at the top of the wedge. Happy trading! - MattShortby porretta.matt0
FOOT LOCKER INCShares of Foot Locker -9.17% were down 12 percent on Friday, the stock's worst day in a year, after the company posted weaker-than-expected sales for the last quarter. Foot Locker's same-store sales for the second quarter increased 0.5 percent versus the 0.7 percent increase expected according to the consensus estimate from FactSet. Those sales are not expected to get much better this quarter. "For the third quarter, we still expect comparable sales to be up low single-digits with Q4 strengthening further within that low single-digit range," the company's CFO 0.44% , Lauren Peters, said on a conference call. Foot Locker -9.17% earned 75 cents per share for the quarter, 5 cents better than the consensus analyst estimate from Thomson Reuters 0.14% . The stock's poor performance on Friday also weighed on Dick's Sporting Goods, which was down 7 percent on Friday, that company's worst day since October 2017.Longby brecier0
FOOT LOCKER INCShares of Foot Locker were down 12 percent on Friday, the stock's worst day in a year, after the company posted weaker-than-expected sales for the last quarter. Foot Locker's same-store sales for the second quarter increased 0.5 percent versus the 0.7 percent increase expected according to the consensus estimate from FactSet. Those sales are not expected to get much better this quarter. "For the third quarter, we still expect comparable sales to be up low single-digits with Q4 strengthening further within that low single-digit range," the company's CFO, Lauren Peters, said on a conference call. Foot Locker earned 75 cents per share for the quarter, 5 cents better than the consensus analyst estimate from Thomson Reuters. The stock's poor performance on Friday also weighed on Dick's Sporting Goods, which was down 7 percent on Friday, that company's worst day since October 2017.Longby brecier220
FL Swing trading ShortProperly on a downward trend. Stoch RSI supporting same. Trend line resistence. Take low risk. SL - 53.5 TP - 51.3Shortby kr.ray.kaushik2
Foot Locker Set To Take Large Strides Over Next 3-4 MonthsFoot Locker is setting up to fly high over the next 3-4 months before reaching its next top. This top coincides with my projected market top during the October/November timeframe this year. Based on comparative trend analysis and derivative analytics, Foot Locker should reach its next top between August 9 and November 20 of 2018. The top should occur between 62.12 and 68.84. The minimum move to 62.12 from today's close of 51.92 would generate 19.64%. I am expecting the top to occur in early to mid October around 64.41. Unlike some of the other stocks I am following, The 2019 pullback for Foot Locker should not be as drastic as the rest of the market.Longby StockSignaler2
Short FL into Fibonacci resistanceThis daily chart of FL shows a sharp move off the high followed by a retracement back into Fibonacci resistance. I am counting the rally as an ABC correction, nearing completion right at the 61.8% retracement level. Initiating a short position at 58.90 with a profit target below 40. A move above 70 invalidates the setup.Shortby UnknownUnicorn1827491
$FL breakout comingOne would think that after a 25% move a stock will base for a few weeks, sure doesn't feel like it and it's setting up for continuation. Above 61 and we'll gap fill to 70+. Looking decent R/R considering the support just belowLongby random.trader2
Bullish Divergencedon't try to catch a falling knife - that's what the long term chart would suggest. Short term there might be room for short correction and uptick. Not sure if the stock will react before the earnings release coming up. by Uwe999Updated 1
Going long FL on WednesdayFL 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 FL does not move higher immediately. I am expecting the stock to move up and through its August and May resistance levels with a new 52-week high being the ultimate goal in the intermediate term. Longby BigWaveTrading0
Foot LockerRetail 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 $47Longby GenghisUpdated 3
Foot Locker has 120% upsideFor a four weeks the price of FL is staying without moving. But after investigating the waves, we can observed that there is good time to buy. My estimate is that the price cannot go down under 29.95$ since it is the end of the 1st wave. The first target of the 5th wave is about 80%, it is 120% upside.Longby DenInvestUpdated 1
Possible uptrend on FL?Rebound on FL stock possible: > oversold on RSI 14 > Demark setup almost completed > doji on the 7th month > support line on MA 200 Let's wait the setup to be completed and bullish 9 to confirm the reversal of the trend.Longby StevenPattyn0
FL breaking flag for upsideFL could try to fill the gap if it starts trending with some volume here. We still need to see some volume come in.by wave3trading4
Short FL here with a buy to cover stop at 46.57 Sell FL here with a buy to cover stop at 46.61. FL traded up against resistance on Market Profile pattern and suggests a sell here. FL has under-performed the SPY quite a bit lately. Look slike a good short at the current priceShortby TradeSteve3