FL Stock Trades Above 200 & 100-Day SMA: What's Next for Investors?
Foot Locker(FL) ZACKS·2024-09-24 21:05
Foot Locker, Inc. (FL) has demonstrated strong upward momentum, trading above its 200-day and 100-day simple moving averages (SMA). SMA is a key indicator of price stability and long-term bullish trends. As of Monday, FL was trading at $27.33, which surpassed both its 200-day and 100-day SMA of $26.99 and $26.32, respectively, highlighting a continued uptrend.SMA, a key tool in technical analysis, is used to assess price trends by smoothing out short-term fluctuations, offering a clearer view of the stock's ...