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Lowe'S Cos Inc Rises 1.00% on Heavy Volume: Watch For Potential Pullback

By David Diaz

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.

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.

Over the past year, Lowe'S Cos Inc has traded in a range of $64.87 to $86.25 and is now at $75.32, 16% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.

Keywords: rebounders lowe's cos inc

Ticker(s): LOW