Lowe's Companies, Inc. (LOW) is an American company that operates a chain of retail home improvement and appliance stores in the United States, Canada, and Mexico. Founded in 1946 in North Wilkesboro, North Carolina, the chain has 1,840 stores in the United States, Canada, and Mexico. Expansion into Canada began in 2007 with the opening of a store in Hamilton, Ontario in early 2008. Lowe's started the construction of two stores in the Mexican city of Monterrey officially entering the Mexican market. In 2011, Lowe's released plans to build over 150 stores in Australia (as Masters Home Improvement) over the next five years, hoping to compete with the A$46 billion industry. Lowe's Companies, Inc. is ranked #50 on the Fortune 500 list. As of 2010, the chain is based in Mooresville, North Carolina. Lowe's is the second-largest hardware chain in the United States behind The Home Depot and ahead of Menards. Globally, Lowe's is also the second-largest hardware chain, again behind The Home Depot but ahead of the European stores B&Q and OBI.
Reported before open today (5/18/16) Earnings: EPS $0.98 Revenue $15.2B Estimates: EPS $0.85 Revenue $14.87B Up 3.01% today so far
Analyst Upgrade/Downgrade Update Brokerage firm: Wedbush Change: Downgrade Previous Rating: Outperform Current Rating: Neutral Previous Price Target: $84 Current Price Target: $73 Analyst Upgrade/Downgrade Update Brokerage firm: JP Morgan Change: Downgrade Previous Rating: Overweight Current Rating: Neutral Previous Price Target: N/A Current Price Target: N/A
Shares of Lowe's Companies, Inc. (NYSE:LOW) is holding major support on the daily stock chart with a bullish pattern setup. This signals a likely move higher next week for the household and homebuilding supplies retailer. Currently trading at a price of $71.27, the stock has upside to $81.25 assuming the stock market stays strong and continues to grind higher. This trade should play out within a week or two. Make sure to maintain a stop on any daily close below $69. This gives a great risk/reward trade setup.
$LOW big ass IHS - from the watch list this week. +3.60% so far $HD volume suggests institutions are buying
Home improvement retailer Lowe’s ($LOW) is likely to see early strength after reporting better than expected fourth quarter results and forecasting 2017 earnings and sales above analyst estimates.
Looking like a pretty decent spot here for this one. Depending what time I'm up tomorrow and where it's at, I may take a stab at this one. Sitting at support, and added support from the 50MA, plus more support not far below. Below that though, I'd need a stop to avoid a significant drop. Not much more support AFTER that until the 200MA or so.
To add on a bit to my post earlier today, actually got in at $95.92. I have a target gain of 12% at $11.51/share, and a stop at $92.17 which would be a loss of 3.94%, for a risk/reward ratio of 3.04. Currently down on the position 0.69%
Another good setup TOrm, similar but further along than what you pointed out on WMT. I don't like that it is not getting out of the danger zone none too fast, but more importantly I like that it did not build any cause for a major move down. It may take several days to play out but it looks like a low risk set-up.
Eating the losses on this as I don't think there's any "real" reason for the drop, other than the volatility in the market. I won't be worried until it loses the support of the 200MA, at which point I'll just have to cut my losses and move on. Currently sitting in oversold territory with support at the 200MA. Not likely, but I'm considering averaging down. We will see.
Woof, just cut my losses on this one at 14%. Definitely my biggest loss in awhile. It was my own fault for ignoring my stop as well, and then re-evaluating and deciding to play support at the 200MA. Finally broke below it and down even more today. Live and learn.
