Foot Lockers stock price (FL) rose in the intraday levels after leaning on the support of the 590-day SMA, lending the stock some positive momentum, with the dominance of the upward correctional short-term trend, as the RSI reached oversold levels compared to the stocks movements, hinting at positive divergence.

Therefore we expect more gains for the stock, targeting the resistance of $29.00, provided it settles above the support of $23.05.

Trend forecast: Bullish