LOW trade ideas
LOW Looks RollingThe retail space looking very weak. Looks like we going to see some profit taking in the Home builders. LOW had amazing Earnings and guidance so I am not go as far as calling it a short.
LOW Sym Triangle BreakoutLOW originally failed to make a move lower or higher out of the previous triangle. But towards the end of the day we saw it break up out of the new triangle it was making on rising volume into the close. I would like to see it open around where it closed and come back to retest 108. Find a good long entry as it hold, and has a very clear straight path to 109 at past daily R. After three tight days of consolidation and volume picking up at the close, we could definitely make a solid move here with the market.
LOW Sym TriangleLooking for a short here, LOW gapped up on an earnings beat but it has been topping out the past few days at 108. We made an attempt to break out long out of the triangle but failed and moved lower out of the triangle. Will have to see how PA plays out tomorrow at the open but would like to get a retest of a TL or MA before looking to get in. 106.70 will be a key level to break to get a bigger sized move.
Lows test...ignoring the last jumpLows test ...ya i know it jumped ...but it thing its gonna dump
Oh ya, the RSI is crazy oversold...
Lowe's Companies (LOW) stock: what's the sentiment?Investors are optimistic about Lowe's earnings since Walmart and Home Depot reported positive results most recently. This will be the first earnings report under the new CEO Marvin Ellison, who was formerly an executive at Home Depot. However, Lowe's performance is trailing the retail ETF XRT: it is up 6 percent vs. XRT 's 14 percent gain.
The key number to watch in the earnings is comparable-store sales, and all signs point to a positive uptick for this key metric. Home Depot saw its growth rate double between the first and second quarter as customers made their spring purchases a bit later than usual. Lowe's executives suggested in late May that a similar trend may be applicable to the company, so analysts are expecting a big boost here.
$LOW 18 AUG 17 C105 at .55LOW 4 hr chart shows breakout and held retest of resistance line. Looks poised to make a run into earnings on 8/22. GLTA
$LOW Testing Support
NYSE:LOW is currently bouncing off historical support, which was historical resistance 12 month ago. With the first target at prior resistance of ~$89.35, that marks a 4% increase that we could see in the coming days. Playing this with a June 8th $85.5 Call, that can move that 4% gain into ~30% by the end of the month. $95 is our next target, +10%, but I will reassess this target based on how quickly we can get to $89.35.
swing tradeBlue candles represent a good entry. On the weekly chart you can see the past profits from listening to these candles.
Tech Trade LOW on Positive Sentiment & Momentum ($90 PT)Lowes got way, way ahead of itself during the lofty valuation period of January this year. Now that it's fallen under the lowest part of the long, historical trend, it's an easy pickup as it can move up and back over its trend lines. $86.38 is a technical, average line that helps to identify point of accumulation, but only for the short sighted understanding of LOW as a stock. Above $90 is a clear sell line, but if you want to ride momentum and the sector up on whatever reason, $92 and in between is not unreasonable. Do NOT take this stock long hoping for the days of $105+. While Lowes does have some good initiatives with being Smart Home friendly and educational, we are currently not in a period where people are rushing out for home supplies because of proactive home projects, preventative maintenance (hurricanes) or rebuilding.
Make some quick cash off LOW and bow out after. Let it stabilize and find its legs again against its trends lines and then decide if the narrative makes sense moving forward long term. The spikes are there, momentum will make them greater.
Lowe's looks goodWhen a stock can be resilient during broader weakness, I'm interested. The technical picture is looking interesting, too. Several indicators and oscillators are signaling to buy (denoted with round, green arrows). It's held above the 200 day moving average, which also bodes well.
I suspect we'll get weakness tomorrow, as futures fell sharply earlier. I've already entered (on Tuesday) a small position in actual shares, I'm hoping this ends up an investment. I'll add on additional weakness but am keeping a tight leash on it or hedged with puts. The recent low is at $83.08.
LOWESNEW DAY ACTIVE TRADE TRACKING-
Took my own advice and went short on LOWes- once bounce off downtrend line.
04/06/2018 LONG PUT $89.00
Entered $1.61
LOWESREQUESTED CHART
-Dont buy LONG until crosses the downtrend line northbound
-This is for LONG BIAS and LONG TERM HOLD strategy
- don't BUY LONG in a downtrend
FOR A RISKER ENTRY
-Buy once start seeing higher lows (before downtrend line cross)
- and divergences on the RSI and MACD (RSI starting to show divergence)
