• Return to Headlines

Look for Shares of Lowe'S Cos Inc to Potentially Rebound after Yesterday's 1.62% Sell Off

By Nick Russo

Lowe'S Cos Inc (NYSE:LOW) traded in a range yesterday that spanned from a low of $88.05 to a high of $89.28. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $89.93 on volume of 1.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Lowe'S Cos Inc on October 5th, 2018 by issuing a Downtrend alert when the shares were trading at $109.75. Since that call, shares of Lowe'S Cos Inc have fallen 17.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Lowe'S Cos Inc share prices have moved between a 52-week high of $117.70 and a 52-week low of $81.16 and are now trading 9% above that low price at $88.87 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.4%.

Keywords: rebounders lowe's cos inc

Ticker(s): LOW