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 $49.00 short call and a strike $55.00 long call offers a potential 5.45% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $49.00 by expiration. The full premium credit of $0.31 would be kept by the premium seller. The risk of $5.69 would be incurred if the stock rose above the $55.00 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 below 20 which suggests that the stock is in oversold territory.
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LATEST NEWS for Lowe's Companies
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Mon, 06 Jan 2014 22:15:20 GMT
Reuters – CHICAGO/CLEVELAND, Ohio, Jan 6 (Reuters) – A blast of Arctic air gripped the vast middle of the United States on Monday, bringing the coldest temperatures felt in two decades, causing at least four deaths, forcing businesses and schools to close and canceling thousands of flights. Shelters for the homeless were overflowing and the weather threatened to briefly curtail some oil production in the severe cold described by some meteorologists as the “polar vortex” and dubbed by media as the “polar pig.” Temperatures were 20 to 40 degrees F (11-22 degrees C) below average in parts of Montana, North and South Dakota, Minnesota, Iowa, Wisconsin, Michigan and Nebraska, according to the National Weather Service. More than half the flights at Chicago's O'Hare International Airport were closed as fuel supplies froze, leaving crews unable to fill aircraft tanks.
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