Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Food Locker's stock (FL) returned higher and prepared to tackle the resistance of 39.77, amid the dominance of the upward correctional short-term wave, while buoyed by piercing the main downward trend line previously, with negative pressure from the 50-day SMA,. coupled with negative signals from the RSI after reaching overbought levels.
Therefore we expect more gains for the stock, targeting the resistance of 44.90, provided the resistance of 39.77 was breached.
Expected trend for today: Bullish