The Bull Market in Shoes
From seekingalpha.com
Hickey and Walters (Bespoke) submit:
In case you haven't noticed, shoe retailers have been on a nice run lately. Below are the six-month trading range charts of 8 shoe stocks. All of them are trading either in or above extreme overbought territory. Foot Locker (FL), Dick's (DKS), Shoe Carnival (SCRL), Genesco (GCO), and Hibbetts (HIBB) have basically gone vertical this week. 2010 -- the year of the shoe. Who knew?
click to enlarge
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