Foot Locker stock saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, rising from 64 to 72.
IBD's unique rating identifies price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating in the early stages of their moves. See if Foot Locker stock can continue to rebound and hit that benchmark.
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Is Foot Locker Stock A Buy?
Foot Locker stock has been trading tightly along its moving day averages. While the retail stock is not near an ideal entry right now, see if it is able to form and break out of a proper consolidation.
The athletic footwear retailer posted negative growth for both the top and bottom lines last quarter.
Foot Locker stock earns the No. 18 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Abercrombie & Fitch, Burlington Stores and TJX Cos are among the top 5 highly rated stocks within the group.
