Foot Locker (FL) : Traders are bullish on Foot Locker (FL) as it has outperformed the S&P 500 by a margin of 4.38% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.03%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.65% in the last 1 week, and is up 11.43% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Foot Locker (NYSE:FL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $58.22 and $57.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $59.23. The buying momentum continued till the end and the stock did not give up its gains. It closed at $59.18, notching a gain of 0.96% for the day. The total traded volume was 1,644,919 . The stock had closed at $58.62 on the previous day.
The stock has recorded a 20-day Moving Average of 5.75% and the 50-Day Moving Average is 6.55%. Foot Locker, Inc. has dropped 1.57% during the last 3-month period . Year-to-Date the stock performance stands at -7.87%.
Foot Locker, Inc. is a retailer of shoes and apparel. The Company operates in two segments: Athletic Stores and Direct-to-Customers. The Athletic Stores segment is an athletic footwear and apparel retailer whose formats include Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footaction and SIX:02, as well as the retail stores of Runners Point Group, including Runners Point and Sidestep. The Direct-to-Customers segment includes Footlocker.com, Inc. and other affiliates, including Eastbay, Inc., and the direct-to-customer subsidiary of Runners Point Group, which sell to customers through their Internet and mobile sites and catalogs. As of January 31, 2015, the Company operated 3,423 primarily mall-based stores in the United States, Canada, Europe, Australia and New Zealand. As of January 31, 2015, the Company operated a total of 78 franchised stores, of which 31 are in the Middle East, 27 in Germany and Switzerland, and 20 in the Republic of Korea.