short to buy level at weekly timeframe by put option to $35short to buy level at weekly timeframe by put option to $35
LOWC34 trade ideas
Symmetrical triangleJust follow price, if lower trendline cracks buy puts, if it breaks out from upper trendline buy calls, use triangle apex as SL, will post PTs once it breaks
Lowes Companies Inc Earnings
Earnings tomorrow and the stock is within a bullish fibonacci channel, with the.65 level acting as strong resistance.
Earnings will need to be very good to break through it.
Lowes pre earnings trade
Fibonacci resistance has held throughout 2020.
Nice long term channel respected.
Possible entry to be determined on market action today.
Target price $130
Stop loss $121
LOW, Lowe's Company Inc. - No real entry point even dough...NYSE:LOW
Not only is it enough that there is a pattern, but also that there are the special breakout conditions to have the right Risk Reward and % Profitability.
As you can see in this case, there was no clear breakout of the resistance level, so we would not know where to enter exactly and position our stop loss accordingly.
So what do we do? We look for new opportunities
Good Trading to All!
Lowes Floating Island ($LOW)Nice Floating Island formed on LOW after the initial breakout to all time highs. Looks slightly bearish to come back and fill the gap, but ultimately looking for it to hang up in these levels for a bit then will watch for a breakout.
LOW (LOWES COMPANIES INC) is above the Resistance Zone!The price broke out the Support/Resistance Zone and can continue rising.
Potential profit will be in 3...5 times bigger than risk.
Before to trade my ideas make your own analyze.
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Thanks for your support!
LOW Broke Out of Major Resistance LOW Broke Out Of Its Major Resistance With Good Earning Report, I Believe This Has The Potential To Go Up Higher
LOW - Great gapVery nice gap today. If we open above 117 this would be a nice swing trade or day trade bullish. Lots of red candles trapped
Lowe LOW short cover on not bad earningsLOWE has earnings reporting this morning with the beat they should have some exciting action.
This is straight up a short cover trade so there should be lots of range for the options but also risk that is why options is the choice to trade this. in this one to move the options chain. Looking at this at market open for 2 ways
1)pure options buy of the $120 Dec20 2019 call
2)selling the straddle at open nov 22 $118 puts and call to bleed out the earning premium.
Liquidity is key we do have a reversal setup on the ninja scalper
As always trade ideas are generated from The NinjaScalper (Part of the trade indicator suite of tools)
#TradeSafe #TradeSocially
None of this is investment advice just for your infotainment and edutainment
LOWE's hits all time highEntry level $120 = Target price $127
Stop loss below previous all time high.
Looks like Home Depots loss has been Lowe's gain.
Not alone have the beaten estimated but now raising guidance for EPS .
If the market can stay strong this is a easy breakout trade.
LOW: Flipped WedgeBack in May 2018 LOW started an inverted wedge including a partial rise and failed to break down in Aug 2019, and reversing course to flip the wedge upside down for a possible breakout above (imminent). RSI, MACD, ADX and PSAR are all bullish.
The only thorn in my eye is marked 'X' at the beginning of September this year, there are no solid 'weekly' candles touching the upper trend line. This is worrying as it technically can be considered "busted". While there are instances where stocks DO break out in the right direction in cases such as this, they are rather rare. I would still point to a positive breakout above, given all these higher lows and higher highs the stock is producing. But I will say this as a personal opinion only.
In case of a breakout above the ATH, the next target would be 143 (technical confirmation minus market risk).
Earnings Release is tomorrow (Wednesday BMO). I will update this post tonight 30min before close should there be any changes.
Analisis de Formacion de Canal en LOWCompartimos un nuevo analisis de LOW la proyeccion de la formacion de un canal entre 105 y 115, podrias manejarlo con la venta de opciones ya que podria durar ese canal hasta su reporte trimestral el 20 de Noviembre aun asi la tendencia que buscamos es alcista a corto plazo
Lowe's a long above $110 Downgraded on Monday, but lets ignore all that and highlight the technical setup on the chart.
We believe that there is currently a W bottom breakout on the cards with sub $104 as invalidation and a switch to a short.
Average analysts price target $121 Overweight
P/e ratio 33
Yield 2.03%
Short interest 1.53%
Company profile
Lowe's Cos., Inc. engages in the retail sale of home improvement products. It offers products for maintenance, repair, remodelling, home decorating, and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows, and doors. The company was founded in 1946 and is headquartered in Mooresville, NC.
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Lowe's Gets a $137 breakout target from CITI AVERAGE ANALYSTS PRICE TARGET $119
AVERAGE ANALYSTS RECOMMENDATION overweight
P/R RATIO 35
SHORT INTEREST 2%
COMPANY PROFILE
Lowe's Cos., Inc. engages in the retail sale of home improvement products. It offers products for maintenance, repair, remodelling, home decorating, and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows, and doors. The company was founded in 1946 and is headquartered in Mooresville, NC.
$LOW Short I have been watching this stock for a while now, and have started to notice some serious bearish signals on long time frames --> 1D - 1M.
1) Above, you can see a MASSIVE bearish divergence on the monthly chart, while we are extended, coinciding with this market cycle. THe volume has also been dramatically low.
2) Above you can see that we are now about to fail to make a new ATH for the third time in this range, with 2 very bearish candles now printed on the daily, and the Stoch RSI extremely overextended on even more decreasing volume.
3) While the weekly has not finished printing yet (it is Monday as of posting this), I will be looking for short opportunities tomorrow and throughout the rest of the week, and am willing to set a looser stop on this position given the macro trend I am trying to capture with a longer term options bear put spread.
4) I have not picked a specific target yet, and have been eyeing strike prices and position setups, will continue to update when I take this position. In general, just off of a quick look at my price levels and trends on the daily, I would say that targeting in between $100-110 is extremely safe, and even between $92-95 could be very realistic as well.
5) Based on the past swings on the daily and weekly time frames, I will probably be targeting bear put spreads that are 45-60 days out in order to give myself time but still capture theta.
Low - Bull Put SpreadNot my usual setup...
RSI dipping off High, just <45
high Beta stock with Increase in Vol.
Looking for Reversal to mean higher.
Taking 110/ 105 Put Credit Spread.
Also picked up 115 Call for Directional Bias Higher.
Oct Exp .
Good Luck - Watch your $$$ RISK
LOW - Lowe's Cos up by 10.90%;higher quarterly profit and salesLOW - Lowe's Cos: The home-improvement retailer reported higher quarterly profit and sales, beating Wall Street estimates. Shares are currently trading at 108.53 up by10.90% as investors take profit.
$LOW Lowe's will hit new HighsEARNINGS HIGHLIGHTS
Lowe's (NYSE:LOW) reports comparable-store sales rose 2.3% in Q2 vs. consensus of +1.8%.
Comp for the U.S. home improvement business increased 3.2%.
Gross margin rate fell 85 bps to 32.11%.
SG&A expense rate improved 17 bps to 19.29%.
Operating margin rate advanced 98 bps to to 11.34%.
Merchandise inventory +15.5% to $13.73B.
Home improvement and hardware stores -152 Y/Y to 2,003.
The company repurchased $1.96B of stock and paid $382M in dividends during the quarter.
"We capitalized on spring demand, strong holiday event execution and growth in Paint and our Pro business to deliver strong second quarter results. Despite lumber deflation and difficult weather, we are pleased that we delivered positive comparable sales in all 15 geographic regions of the U.S. This is a reflection of a solid macroeconomic backdrop and continued momentum executing our retail fundamentals framework," commented Marvin R. Ellison, Lowe's (LOW) president and CEO.
FY2019 Guidance: Total sales: ~+2%; Comparable-store sales: ~+3%; Operating margin rate: +310 bps to +340 bps; Adjusted operating rate: +20 bps to +50 bps; Tax rate: ~24%; Diluted EPS: $5.54 to $5.74; Adjusted EPS: $5.45 to $5.65.
source seekign alpha
