Seeking Alpha

Jim Van Meerten's  Instablog

Jim Van Meerten
Send Message
Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and attended... More
My company:
Marketocracy Capital Management
My blog:
Barchart Portfolio Blogs
  • Footlocker - FL - Barchart's Chart Of The Day 0 comments
    Aug 8, 2012 10:46 AM | about stocks: FL

    Barchart.coms Chart of the Day - Footlocker (NYSE:FL)

    Barchart Research Team - BC - Tue Aug 07, 6:19PM CDT

    Related Stocks
    FL - Footlocker Inc


    The "Chart of the Day" is Footlocker (FL), which showed up on Tuesday's Barchart "All-Time High" list. Footlocker on Tuesday posted a new all-time high and closed up 2.16%. TrendSpotter has been long since July 6 at $31.31. In recent news on the stock, Morgan Stanley on July 20 initiated coverage on Footlocker with an Equal Weight. However, Deutschebank on May 29 upgraded Footlocker to a Buy from Hold and raised its target to $38 from $32 citing the company's execution and strength in the athletic footwear cycle. Citigroup on May 18 reiterated its Buy rating and raised its target to $40 from $36 following the company's Q1 results. Footlocker, with a market cap of $5 billion, is a leading global retailer operating primarily mall-based stores in North America, Europe, Asia and Australia.

    (click to enlarge)fl_700

    How we found the Chart of the Day:

    We found the "Chart of the Day" by scanning the Barchart "All Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All Time Highs" menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the "Percent" column title. A stock that has posted a new All-Time high is typically showing strong upside momentum.

    The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the web site when you read this report.

    • TrendSpotter: Buy
    • Short-Term Indicators: 100% Buy
    • Medium-Term Indicators: 100% Buy
    • Long-Term Indicators: 100% Buy
    • Overall Average 100% Buy

    Barchart links for further information:

    Quotes and Charts
    Detailed Quote

    Technical Analysis
    Technicals Summary
    Trader's Cheat Sheet™

    Barchart Opinions
    Barchart Opinion
    Barchart Snapshot
    Trading Strategies

    Company Info
    Company Profile
    Key Statistics
    Income Statement-Quarterly
    Income Statement-Annual
    Balance Sheet-Current
    Balance Sheet-Annual

    Chart of the Day Archive
    View Past Chart of the Day Reports

    Stocks: FL
Back To Jim Van Meerten's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.