The present invention is an article of footwear having a stabilizing element incorporated into a sole structure. The stabilizing element is located primarily in the midfoot region of the footwear but extends into both the forefoot and heel regions. In one embodiment, the stabilizing element includes five stabilizing members that extend from a connecting member. The function of the stabilizing members is to provide support along the longitudinal length of the foot so as to limit non-axial, vertical flexion in the midfoot and heel regions; permit the forefoot to axially flex in relation to the heel; and permit forefoot flexion.