NEW YORK, NY / ACCESSWIRE / August 21, 2017 / Geopolitical concerns combined with the resignation of multiple advisors to President Trump pressured markets lower last week. On Friday, the Dow Jones Industrial Average declined 0.35 percent to close at 21,674.51, down 0.84 percent for the week, while the S&P 500 Index fell 0.18 percent to close at 2,425.55, down 0.64 percent for the week. The NASDAQ Composite Index decreased 0.09 percent to close at 6,216.53, down 0.65 percent for the week.

"Longer-term trends at this point remain intact, so this remains a short-term pullback only. And it's tough to make too much of this," said Mark Newton, managing member at Newton Advisors, in a note, according to CNBC.

RDI Initiates Coverage on:

Foot Locker Inc.
https://rdinvesting.com/news/?ticker=FL

Under Armour Inc.
https://rdinvesting.com/news/?ticker=UA

Foot Locker Inc.'s stock fell 27.92% Friday, to close the day at $34.38. The stock recorded a trading volume of 36,216,618 shares, which was above its three months average volume of 4,583,580 shares. In the last year Foot Locker Inc.'s shares have traded in a range of 34.29 - 79.43. The stock is currently trading 56.72% below its 52 week high. The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $47.92 is below its 200-day moving average of $63.26. Shares of the company are trading at a Price to Earnings ratio of 7.95. Shares of Foot Locker have fallen approximately 51.5 percent year-to-date.

Access RDI's Foot Locker Inc. Research Report at:
https://rdinvesting.com/news/?ticker=FL

On Friday, shares of Under Armour Inc. recorded a trading volume of 5,382,648 shares, which was above the three months average volume of 3,799,060 shares. The stock ended the day 3.93% lower at 15.64. The stock is currently trading 63.58% below its 52 week high with a 52 week trading range of 15.54 - 42.94.The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $17.92 is below its 200-day moving average of $18.51. Shares of Under Armour Inc. are trading at a Price to Earnings ratio of 31.66. Shares of Under Armour have fallen approximately 37.86 percent year-to-date.

Access RDI's Under Armour Inc. Research Report at:
https://rdinvesting.com/news/?ticker=UA

Our Actionable Research on Foot Locker Inc. (NYSE:FL) and Under Armour Inc. (NYSE:UA) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com