Bearish Moving Average Cross by Lowe's (LOW)
Today, shares of Lowe's (NYSE:LOW) have crossed bearishly below their 10-day moving average of $71.67 on a volume of 1.3 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of Lowe's have traded between a low of $62.62 and a high of $83.65 and are now at $71.42, which is 14% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.
SmarTrend recommended that its subscribers protect gains by selling shares of Lowe's on August 17th, 2016 by issuing a Downtrend alert when the shares were trading at $76.93. Since that call, shares of Lowe's have fallen 6.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses lowe's