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SmarTrend Watching for Potential Rebound in Shares of Lowe'S Cos Inc After 1.62% Loss

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.

In the past 52 weeks, shares of Lowe'S Cos Inc have traded between a low of $81.16 and a high of $117.70 and are now at $88.87, which is 9% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.4% while the 200-day MA has remained constant.

Keywords: rebounders lowe's cos inc

Ticker(s): LOW