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Friday, May 20, 2011

Foot Locker Rising

Shares of Foot Locker (FL), a sportswear retailer, surged 10.83% to $24.6 per share as the company posted strong earning for the first quarter with 13.3% increase in sale and 76% surge in net income.  The company also raised its dividend by 10% to $0.165 per share or annual yield of 2.68%.  Technical chart shows strong bullish trend with both 50 day and 200 day moving average rising.  


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