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Watch for Lowe'S Cos Inc to Potentially Rebound After Falling 1.39% Yesterday

By David Diaz

Lowe'S Cos Inc (:LOW) traded in a range yesterday that spanned from a low of $113.61 to a high of $115.01. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $116.30 on volume of 2.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Lowe'S Cos Inc have traded between a low of $85.90 and a high of $121.22 and are now at $116.00, which is 35% 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 remained constant.

SmarTrend is tracking the current trend status for Lowe'S Cos Inc and will alert subscribers who have LOW in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders :low lowe's cos inc

Ticker(s): LOW