Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Foot Locker’s stock (FL) kept rising in the intraday levels, managing to pierce the pivotal resistance of 31.96, amid the dominance of the upward correctional trend in the short term, with positive support from the 50-day SMA, countered with negative signals from the RSI after reaching overbought levels, which could hinder upcoming gains.
Therefore we expect more gains for the stock, targeting the resistance of 39.00, provided it settles above 31.96.
Expected trend for today: Bullish