Foot Locker gives in to negative pressure - Analysis - 17-11-2022

Foot Locker's stock (FL) fell in the intraday levels after touching the resistance of the 50-day SMA after the RSI reached overbought levels, with the dominance of the main downward trend in the medium term. 

Therefore we expect more losses for the stock, targeting the support of 26.70, provided the resistance of 33.90 holds on.

Expected trend for today: Bearish