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Wendy Boyd

These Two Battle-Scarred Retailers Have More Downside To Come

Beaten-up retail stocks offer investors either a compelling investment opportunity or should be completely avoided amid further downside — depending on who you ask.

The Expert

Cowen's David Seaburg.

The Strategy

Investors should either be selling their position in Foot Locker, Inc. FL and Dicks Sporting Goods Inc DKS heading into their respective earnings reports or even short-selling the stock, Seaburg said. Source

The price will try to break out the falling wedge and form some upside.

$FL, Foot Locker, Inc. / D