Foot Locker Bulls in Charge

Published on Monday, 20 August 2012 11:34 Written by TradersHuddle Wire

New York, August 20th (TradersHuddle.com) - Shares of Foot Locker, Inc. (NYSE:FL) booked a new 52 week high today by trading above $34.92, traders are definitely monitoring Foot Locker's price action to see if this move attracts further buying into the stock.

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 is currently trading 1.74% versus its previous trading session close, and it has calculated support and resistance at $32.02 and $34.92 respectively. Clearly, with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range.

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.