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.