In a welcome move, Foot Locker stock saw its Relative Strength Rating improve from 70 to 74 on Thursday.
IBD's proprietary rating tracks share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks often have an 80 or better RS Rating as they begin their largest climbs. See if Foot Locker stock can continue to rebound and clear that threshold.
Can You Really Time The Stock Market?
Is Foot Locker Stock A Buy?
Foot Locker stock is trading slightly below its 200-day moving average, but above its 50-day moving line. While the stock is not near an ideal buy zone right now, see if the retail stock manages to form and break out of a proper chart pattern.
The sports shoe and apparel retailer posted negative growth for both sales and earnings last quarter.
Foot Locker stock earns the No. 22 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Abercrombie & Fitch, Burlington Stores and J.Jill are among the top 5 highly rated stocks within the group.
