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Lowe's Bearish Moving Average Crossover Alert (LOW)

By Nick Russo

Today, shares of Lowe's (NYSE:LOW) have fallen below their 10-day MA of $80.92 on a volume of 7.8 million shares. This may provide swing traders with an opportunity 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 $83.65 and a 52-week low of $62.62 and are now trading 22% above that low price at $76.27 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.

SmarTrend is tracking the current trend status for Lowe's and will alert subscribers who have LOW in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses lowe's

Ticker(s): LOW