Foot Locker $FL Technical Update
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 | Weak | Neutral | Neutral |
P1 | 47.46 | 47.48 | 42.70 |
P2 | 49.01 | 52.87 | 51.59 |
P3 | 51.91 | 58.15 | 60.63 |
Support and Resistance Plot Chart for FL
Long Term Trading Plans for FL
December 18, 2018, 5:00 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
The technical summary data tells us to buy FL near 42.70 with an upside target of 51.59. This data also tells us to set a stop loss @ 42.44 to protect against excessive loss in case the stock begins to move against the trade. 42.70 is the first level of support below 47.62 , and by rule, any test of support is a buy signal. In this case, support 42.70 would be being tested, so a buy signal would exist.
FL - (Short) Resistance Plan
The technical summary data is suggesting a short of FL as it gets near 51.59 with a downside target of 42.70. We should have a stop loss in place at 51.85 though. 51.59 is the first level of resistance above 47.62, and by rule, any test of resistance is a short signal. In this case, if resistance 51.59 is being tested, so a short signal would exist.