Foot Locker - Above Average Volume Detected

Published on Friday, 10 August 2012 11:38 Written by TradersHuddle Wire

New York, August 10th (TradersHuddle.com) - Unusual high volume detected on shares of Foot Locker, Inc. (NYSE:FL) early in the trading session. The pace in volume of Foot Locker points to a break above average, with sellers in control, as the stock is 0.23% lower.

Foot Locker, Inc. (NYSE:FL) owns and operates athletic retail stores in countries located in North America, Europe, and Australia. The Company provides athletic footwear and apparel through its Foot Locker, Lady Foot Locker, Kids Foot Locker, and Champs Sports retail stores

Foot Locker has already traded 0.866 times its 3-month average volume and has calculated support and resistance at $32.02 and $34.92 respectively. Traders like to use volume as their lie detector for price action movement through predefined trading ranges.

The overall market index S&P 500 is trading lower by -0.27% from its previous trading close, which means that Foot Locker stock is outperforming the overall market.