Foot Locker, Inc. : A support as an opportunity
Entry price | Target | Stop-loss | Potential |
---|
$68.52 |
$0 |
$65.9 |
-100% |
---|
Take advantage of the support which currently tested.
Fundamentals confirm the quality of the stock as analysts revisions are gradually higher concerning earnings per share.
Technically, the uptrend in the medium and long term should cover the equity of a major downtrend. In the short term, a decline has lead the share near the USD 67.75 support. Therefore, if a technical rebound takes place the target would be fixed near the USD 72.15 short-term resistance.
Dropping prices could be considered as an opportunity. Indeed, on the USD 67.75 area, it would represent an interesting level for buyers and hence the main target at USD 72.15. A stop loss will be fixed below the entry point to limit the risk.
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