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After Yesterday's Decline of 1.39%, Lowe'S Cos Inc Offers Investors Better Value

By Nick Russo

Lowe'S Cos Inc (:LOW) traded in a range yesterday that spanned from a low of $113.61 to a high of $115.01. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $116.30 on volume of 2.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Lowe'S Cos Inc share prices have moved between a 52-week high of $121.22 and a 52-week low of $85.90 and are now trading 35% above that low price at $116.00 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.

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

Keywords: rebounders :low lowe's cos inc

Ticker(s): LOW