LOWC34 trade ideas
LOWES trading range into earningsNice tradeable range going into earnings, looks to be starting a swing up.
LOW looking like it may retest 92High volume selling after earnings (2 black gap candle formation) pushed LOW down to $92 for a brief test. Since then it has been consolidating slightly above. I think it could retest $92 for a possible double-bottom, or worse, break-down to new recent lows possibly around $86-87. I have a tight stop of $98 as it has already consolidated a bit here. Depending on how it reacts at $92, I may continue to hold (probably with a 1/2 position) or reverse for a long trade. If long, I don't expect it to immediate fill the gap above $102, especially with the 100 & 200MA in the same area.
Disclaimer: This is my own SPECULATIVE opinion and should not be considered financial advice.
Day Trade - Short LOW - Earnings Miss EstimatesShort LOW - Earnings Miss Estimates. Building/retail market sensitive to economic conditions. Futures pointing downward today. MACD crossed.
$LOW HAS HOME DEPOT LOWERED EXPECTATIONS FOR LOWE'S?Dependant on your perspective the chart of NYSE:LOW could be interpreted as bullish or bearish. Many of the indicators are positive but that may be offset by market sentiment in the retail sector. Home depot reported today and it was not exactly a blowout quarter, with as expected weather issues interfering with sales. Lumber prices were also an issue and that will be no different for Lowes. It is indeed difficult to make any trading decisions in the current market with such volatility but we believe that the correction in NYSE:LOW has a little further to go.
We have no position and will not make any call either way until after earnings but there is plenty of time to get involved.
LOW: Sort opportunityAn intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
$LOW Nearing Breakout to new ATH$LOW Nearing Breakout to new ATH
SL: $111.50
Near term target: $125.00 by early May
Note: Informational, not investment advice.
LOW Short opportunity LOW is approaching a resistance at the $117 range and may proceed to take a tumble to the $101 support line if it continues this pattern. Would not recommend getting in yet because it has $2 more to move up but still is something to keep and eye on.
Massive ER Play - Lowe's!!I've been watching Lowe's since early Feb and I think there is potential for a big move leading up too/after the ER on March 1st.
It's been running in the green for ~8 days and the RSI indicates it's oversold.
It's currently hanging out on the 0.628 Fib lvl, could see it gap up to 0.786 or 1.0 Fib lvls (~$111 and ~$117)
The support levels are at 0.5 and 0.382 Fib lvls (~$101.5 and ~$98). Giving us a P/L Ratio of 1.7
analysis on LOWESHad a friend ask for some help getting started, just my analysis on LOWES weekly chart
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.
