tomcheck2021

Footlocker Put Long

Short
NYSE:FL   Foot Locker, Inc.
FL has a D/E of 0.00 (macrotrends) and a C/R of 1.73 (macrotrends). My analysis shows a long term down trend in a solid looking channel. Down trends of same or very close lengths -49-50 on tradingviews ruler function. Equally, the uptrend show the same at around +39. Now unless FL breaks out of this long down trend imo its set to continue as normal back down to around $17 possibly abit lower. Covid19 seems to have not harmed FL much with Free Cash Flow up 76% on the previous year and an intrinsic value per share of $48 per share (in my opinion).
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.