Lowe’s Companies (LOW) Offering Possible 49.25% Return Over the Next 21 Calendar Days

Lowe's Companies's most recent trend suggests a bullish bias. One trading opportunity on Lowe's Companies is a Bull Put Spread using a strike $147.00 short put and a strike $142.00 long put offers a potential 49.25% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $147.00 by expiration. The full premium credit of $1.65 would be kept by the premium seller. The risk of $3.35 would be incurred if the stock dropped below the $142.00 long put strike price.

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

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

The RSI indicator is at 79.32 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

Sherwin-Williams Stock Is Gaining. Everyone Is Painting During the Pandemic.
Wed, 29 Jul 2020 15:53:00 +0000
The pandemic has made interior decorators of us all. Sherwin-Williams (ticker: SHW) said it earned $7.10 a share on revenue that fell 5.7% year over year to $4.6 billion. Analysts were looking for earnings per share of $5.70, on revenue of $4.55 billion.

Simpson Manufacturing Inc (SSD) Q2 2020 Earnings Call Transcript
Tue, 28 Jul 2020 01:30:28 +0000
Now I would like to turn the conference over to Karen Colonias, Simpson's President and Chief Executive Officer. This, when coupled with our effective expense management, resulted in a 35% year-over-year increase in our income from operations to $72.2 million and strong earnings of $1.22 per diluted share.

ANGI Homeservices and Lowe's announce partnership
Mon, 27 Jul 2020 13:16:00 +0000
Lowe's Cos. and ANGI Homeservices Inc.'s HomeAdvisor announced a new partnership Monday. The two companies have arranged for Lowe's for Pros Loyalty Members to get a year-long HomeAdvisor subscription for free. Those who qualify will also get a credit for an average of 10 free leads through the HomeAdvsior platform. ANGI shares are up 0.8% in premarket trading Monday, while Lowe's shares are up 0.4%. ANGI's stock has gained 126% over the past three months as Lowe's stock has increased 44%. The S&P 500 has risen 12% in that span.

Lowe's and HomeAdvisor Launch Partnership to Get Pros Leads
Mon, 27 Jul 2020 13:00:00 +0000
To further their commitment to keeping Pros working, Lowe's and HomeAdvisor today announced they will help Pros get leads by offering Lowe's for Pros Loyalty Program members a free, year-long HomeAdvisor subscription. Qualifying Lowe's Pro loyalty members will get the annual subscription and also receive a credit for an average of 10 free leads connecting them to HomeAdvisor's extensive network of millions of homeowners looking for Pros to complete home projects.

US Indexes Close Higher Wednesday
Wed, 22 Jul 2020 22:15:09 +0000
Dow Jones gains 0.62%, led by Pfizer Continue reading…

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