Lowe’s Companies (LOW) Offering Possible 31.93% Return Over the Next 13 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 $195.00 short call and a strike $200.00 long call offers a potential 31.93% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $195.00 by expiration. The full premium credit of $1.21 would be kept by the premium seller. The risk of $3.79 would be incurred if the stock rose above the $200.00 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 41.29 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for Lowe's Companies

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Wed, 04 Aug 2021 14:19:24 +0000
In this article, we discuss the 11 best housing stocks of 2021. If you want to skip our detailed analysis of the housing industry, go directly to the 5 Best Housing Stocks of 2021. The housing market is on fire. This statement seems ubiquitous nowadays. Indeed, on July 27, S&P CoreLogic reported a 16.6% increase […]

Lowe's Canada Reports on its Sustainability Journey
Wed, 04 Aug 2021 11:00:00 +0000
Following the June publication of Lowe's Companies' 2020 Corporate Responsibility Report, which covers the global performance of Lowe's Companies Inc, Lowe's Canada released today its 2020 Canada Corporate Responsibility Highlights. These illustrate how the home improvement retailer supported its communities and delivered results on its sustainability targets amid an eventful year as Canadians everywhere adapted to a new reality to help stop the spread of COVID-19.

Australia Sticks With Taper Plan Even as Virus Dents Economy
Tue, 03 Aug 2021 07:39:22 +0000
(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.A surprisingly bullish Reserve Bank of Australia said it will stick with its planned tapering of bond purchases, wagering that the economy will recover rapidly from a contraction this quarter driven by Sydney’s protracted virus lockdown.The currency rose after Governor Philip Lowe wrong-footed economists by staying on track to reduce the pace of weekly buying to A$4 billion ($3 billion)

Lowe's (LOW) Dips More Than Broader Markets: What You Should Know
Mon, 02 Aug 2021 21:45:09 +0000
Lowe's (LOW) closed at $190.96 in the latest trading session, marking a -0.9% move from the prior day.

Homebuilder Stocks Gain Despite Weaker New Home Sales
Fri, 30 Jul 2021 14:00:36 +0000
Charts show homebuilder stocks laying the foundation for a move higher. Here's how to trade a leading industry name and sector-themed ETF.

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