Lowe’s Companies (LOW) Offering Possible 16.28% Return Over the Next 16 Calendar Days

Lowe's Companies's most recent trend suggests a bearish bias. One trading opportunity on Lowe's Companies is a Bear Call Spread using a strike $97.00 short call and a strike $102.00 long call offers a potential 16.28% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $97.00 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $4.30 would be incurred if the stock rose above the $102.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Lowe's Companies is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Lowe's Companies is bearish.

The RSI indicator is at 31.98 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Lowe's Companies

Australia Cuts Key Rate to Record Low, Ending Near 3-Year Pause
Tue, 04 Jun 2019 06:44:16 +0000
Reserve Bank Governor Philip Lowe made his first adjustment to the cash rate since taking the helm in September 2016, cutting by a quarter-point to 1.25% Tuesday as expected by money markets and economists. “Today’s decision to lower the cash rate will help make further inroads into the spare capacity in the economy,” Lowe said in his post-meeting statement. “It will assist with faster progress in reducing unemployment and achieve more assured progress towards the inflation target.” The governor didn’t provide any new forward guidance.

Lowe's Canada and its banners present $1,125,000 to Children's Miracle Network and Opération Enfant Soleil
Mon, 03 Jun 2019 14:15:00 +0000
BOUCHERVILLE, QC , June 3, 2019 /CNW Telbec/ – Lowe's Canada, one of Canada's leading home improvement retailers, is proud to present $1,125,000 to Children's Miracle Network and Opération Enfant Soleil following a successful second fundraising campaign. From March 24 to April 30 , Lowe's, RONA, Reno-Depot, and Ace Canada corporate stores and participating affiliated dealer stores collected donations from their customers to support 14 children's hospitals across the country.

Lowe's CEO talks vision for home-improvement retailer at annual meeting after Q1 earnings letdown
Fri, 31 May 2019 18:56:46 +0000
At Lowe's Cos. Inc.'s annual shareholder meeting Friday, president and CEO Marvin Ellison projected a confident vision for the home-improvement retailer's future in lieu of a first-quarter earnings letdown. Others at the meeting raised questions about the company's supply chain.

Lowe's Holds Annual Meeting Of Shareholders
Fri, 31 May 2019 14:21:00 +0000
— Board of Directors Declares 15 Percent Increase in Quarterly Cash Dividend — — All Company Proposals Pass with Shareholder Support — CHARLOTTE, N.C. , May 31, 2019 /PRNewswire/ — At its annual meeting …

Oversold Home Improvement Stocks Find Support
Fri, 31 May 2019 13:43:36 +0000
May's broad sell-off provides a swing trading opportunity in home improvement stocks. These three industry leaders sit near support.

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