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News Breaks
09:58 EDTFL
theflyonthewall.com: Foot Locker has a potential bearish head and shoulders pattern
The stock is currently trading up after opening in a spike down this morning. Interestingly, the move down helped to form the last element of a right shoulder in a potential bearish head and shoulders pattern. A breakdown below the $10 area would activate the pattern. Downside potential would be to the $7.75 area. The pattern would be completely voided if price rises, and remains above, the high of the right shoulder, at the $11.22 area. :theflyonthewall.com



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