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Lowe's Crosses Above its 10-day MA (LOW)

By James Quinn

Lowe's (NYSE:LOW) crossed over its 10-day moving average of $71.74 on a volume of 648K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher 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 $71.88, which is 15% above that low price. 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 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 7.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses lowe's

Ticker(s): LOW