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Uptrend Call Working As Lowe's Stock Rises 29.6% (LOW)
Feb 14, 2012 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for Lowe's (NYSE:LOW) on October 17th, 2011 at $20.99. In approximately 4 months, Lowe's has returned 29.57% as of today's recent price of $27.19.
Lowe's share prices have moved between a 52-week high of $27.57 and a 52-week low of $18.07 and are now trading 50% above that low price at $27.19 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.
Lowe's Companies, Inc. is a home improvement retailer that distributes building materials and supplies through stores in the United States. The Company offers a complete line of products and services for home decorating, maintenance, repair, remodeling, and property maintenance.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Lowe's shares.Log in and add Lowe's (LOW) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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