The “Chart of the Day” is Footlocker (FL), which showed up on Tuesday’s Barchart “All-Time High” list. Footlocker on Tuesday posted a new all-time high and closed up 2.16%. TrendSpotter has been long since July 6 at $31.31. In recent news on the stock, Morgan Stanley on July 20 initiated coverage on Footlocker with an Equal Weight. However, Deutschebank on May 29 upgraded Footlocker to a Buy from Hold and raised its target to $38 from $32 citing the company’s execution and strength in the athletic footwear cycle. Citigroup on May 18 reiterated its Buy rating and raised its target to $40 from $36 following the company’s Q1 results. Footlocker, with a market cap of $5 billion, is a leading global retailer operating primarily mall-based stores in North America, Europe, Asia and Australia.
How we found the Chart of the Day:
We found the “Chart of the Day” by scanning the Barchart “All Time High” list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the “All Time Highs” menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the “Percent” column title. A stock that has posted a new All-Time high is typically showing strong upside momentum.
The status of Barchart’s Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
- TrendSpotter: Buy
- Short-Term Indicators: 100% Buy
- Medium-Term Indicators: 100% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 100% Buy
Chart of the Day provided by www.Barchart.com.
Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.
