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Look for Shares of Lowe'S Cos Inc to Potentially Pullback after Yesterday's 1.00% Rise

By Amy Schwartz

Lowe'S Cos Inc (NYSE:LOW) traded in a range yesterday that spanned from a low of $75.03 to a high of $76.14. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $74.83 on volume of 3.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Lowe'S Cos Inc have traded between a low of $64.87 and a high of $86.25 and are now at $75.32, which is 16% above that low price. 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 its subscribers protect gains by selling shares of Lowe'S Cos Inc on May 24th, 2017 by issuing a Downtrend alert when the shares were trading at $79.34. Since that call, shares of Lowe'S Cos Inc have fallen 5.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders lowe's cos inc

Ticker(s): LOW