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) returned higher in the intraday levels, amid the dominance of the upward correctional trend in the short term, with positive signals from the RSI despite reaching overbought levels, coupled with positive pressure from the 50-day SMA.
Therefore we expect the stock to rise and target the important resistance of 31.95, provided the support of 26.70 holds on.
Expected trend for today: Bullish