Foot Locker's strong holiday season could have the shoemaker's stock sprinting back to all-time highs, Piper Jaffray's Craig Johnson says.
Foot Locker's strong earnings for the holiday season could have its stock sprinting back to its all-time highs, Piper Jaffray's Craig Johnson says.
"From our perspective, you've got about 24 percent upside from here," Johnson, Piper's technical market strategist, said Friday on CNBC's"Trading Nation," pointing to a key technical barrier that Foot Locker's shares just breached. Foot Locker last touched the $78 level in December 2016. Now, Johnson thinks a combination of under-the-radar catalysts can get it there again.
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