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Actionable news in FL: FOOT LOCKER Inc,

Can Foot Locker Continue Its Winning Earnings Run?

Foot Locker (FL - Get Report) , the retailer of athletic shoes and apparel, reports earnings before the opening bell on Friday, hoping to continue its eighth straight quarterly winning streak. It won't be easy.

Although the stock has been under a positive technical indicator known as the "golden cross" since Nov. 27, 2013, Foot Locker has fallen into bear market territory since hitting an all-time high on Sept. 25.

A "golden cross" occurs when the 50-day simple moving average rises above the 200-day simple moving average, indicating higher prices lie ahead. The stock's weekly chart had tracked...