06.03.2015 - Footlocker’s stock price has moved beyond the channel

The stock price of Footlocker after a long consolidation within the corridor 52,30-57,80, managed to break through its upper boundary. If the price fixates above this level, we recommend to open long positions with upside potential to 63.70 and 68.30. On the other hand, the return of the price within the boundaries of the channel will be the basis for the resumption of the fall of the price to levels 54.00 and 52.30. We recommend to wait for a confirmation of the signal and the expected growth of 15-20% in the medium term.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.