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Lowe's Bearish Moving Average Crossover Alert (LOW)

By Nick Russo

Lowe's (NYSE:LOW) shares have crossed bearishly below their 10-day moving average of $85.39 on a volume of 1.6 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Lowe's share prices have moved between a 52-week high of $86.25 and a 52-week low of $62.62 and are now trading 35% above that low price at $84.40 per share. 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 subscribers consider buying shares of Lowe's on November 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $69.61. Since that recommendation, shares of Lowe's have risen 23.6%. We continue to monitor LOW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses lowe's

Ticker(s): LOW