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

By Shiri Gupta

Today, shares of Lowe's (NYSE:LOW) have crossed bearishly below their 10-day moving average of $79.97 on a volume of 680K 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.

Over the past year, Lowe's has traded in a range of $62.62 to $80.75 and is now at $79.82, 27% above that low. The 200-day and 50-day moving averages have moved 0.24% higher and 0.77% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Lowe's on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $69.35. Since that recommendation, shares of Lowe's have risen 16.5%. 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