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...
LOWC34 trade ideas
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)
Lowes Buying OpportunityPrice explosion from previous support zone. Have at least a 3:1 trade here. Prices are currently testing the zone. Entry line is above while the stop market the line below. Position sizing is key here.
$LOW CONTINUES TO RISE$LOW SHOULD CONTINUE TO RISE THROUGH MOST RECENT HIGH #LOWES #BUY
ON IG @L0S3S3LF
LOW I see more upsideRSI above 80 right now but I don't see this being done here. I do believe chances for large day moves greatly diminished. The easy money trade is over in my opinion. Remember DIV payout this week. I do have it a Fib Fan resistance. I do believe this whole sector needs to focus one far better online presence. Locally, Menards is building a second mega store. This sector missed the memo retail going on line. I just bought a kitchen sink from AMZN just as cheap as these block stores prices. They need to wake up.
Members are long $LOW going into earnings tomorrowRecently home builders sentiment survey increased to 70 from 67.
