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Signal: Foot Locker Stock Rally Might Not Last
富乐客富乐客(US:FL) Schaeffers Investment Research·2025-05-13 23:50

Retail stock Foot Locker Inc (NYSE:FL) surged 10.6% on Monday, buoyed by the surprise deal between the U.S. and China to slash tariffs by 115% for 90 days. Today, FL is up 0.8% to trade at $13.39, and is now up 8.7% so far in May. However, the equity is still saddled with a 41.3% year-over-year deficit and down 38.7% year-to-date. Plus, if history is any guide, a pullback could be ahead.Foot Locker stock is now within striking distance of a historically bearish trendline: its 50-day moving average. Accordin ...