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Lowe'S Cos Inc Set to Possibly Pullback After Yesterday's Rally of 1.72%

By Nick Russo

Lowe'S Cos Inc (NYSE:LOW) traded in a range yesterday that spanned from a low of $98.87 to a high of $100.74. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $99.41 on volume of 2.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Lowe'S Cos Inc share prices have moved between a 52-week high of $108.98 and a 52-week low of $70.76 and are now trading 41% above that low price at $100.04 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.4%.

SmarTrend is monitoring the recent change of momentum in Lowe'S Cos Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Lowe'S Cos Inc in search of a potential trend change.

Keywords: rebounders lowe's cos inc

Ticker(s): LOW