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Foot Locker $FL Technical Update

September 05, 2018, 02:45 am ET, BY Quantitative Research Desk - Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

The Foot Locker (NYSE: FL) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for FL, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Technical Summary

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	47.96	42.75	41.82
P2	48.85	47.17	50.80
P3	50.03	51.60	59.92

⚠Triggers may have already come

Support and Resistance Plot Chart for FL

Long Term Trading Plans for FL

September 5, 2018, 2:45 am ET

The Technical Summary and Trading Plans for FL help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this FL Report.

FL - (Long) Support Plan

Buy over 41.82 target 50.80 stop loss @ 41.56.
The technical summary data tells us to buy FL near 41.82 with an upside target of 50.80. This data also tells us to set a stop loss @ 41.56 to protect against excessive loss in case the stock begins to move against the trade. 41.82 is the first level of support below 48.34 , and by rule, any test of support is a buy signal. In this case, support 41.82 would be being tested, so a buy signal would exist.

FL - (Short) Resistance Plan

Short under 50.80 target 41.82 stop loss @ 51.06.
The technical summary data is suggesting a short of FL as it gets near 50.80 with a downside target of 41.82. We should have a stop loss in place at 51.06 though. 50.80 is the first level of resistance above 48.34, and by rule, any test of resistance is a short signal. In this case, if resistance 50.80 is being tested, so a short signal would exist.