FL pops to highest close since February 24th
Foot Locker Inc. (FL) Technical Analysis Report for Sep 16, 2020 | by Techniquant Editorial Team
FL ended Wednesday at 36.54 gaining $0.70 (1.95%), strongly outperforming the S&P 500 (-0.46%). Today's close at 36.54 marks the highest recorded closing price since February 24th. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range.
Daily Candlestick Chart (FL as at Sep 16, 2020):
Wednesday's trading range has been $1.39 (3.86%), that's slightly above the last trading month's daily average range of $1.28. Weekly volatility is also higher, being above the market's average weekly trading range. The longer-term, monthly volatility is currently notably higher than usual for FL.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.