Lowe's a long above $110
Downgraded on Monday, but lets ignore all that and highlight the technical setup on the chart.
We believe that there is currently a W bottom breakout on the cards with sub $104 as invalidation and a switch to a short.
Average analysts price target $121 Overweight
P/e ratio 33
Yield 2.03%
Short interest 1.53%
Company profile
Lowe's Cos., Inc. engages in the retail sale of home improvement products. It offers products for maintenance, repair, remodelling, home decorating, and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows, and doors. The company was founded in 1946 and is headquartered in Mooresville, NC.
We believe that there is currently a W bottom breakout on the cards with sub $104 as invalidation and a switch to a short.
Average analysts price target $121 Overweight
P/e ratio 33
Yield 2.03%
Short interest 1.53%
Company profile
Lowe's Cos., Inc. engages in the retail sale of home improvement products. It offers products for maintenance, repair, remodelling, home decorating, and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows, and doors. The company was founded in 1946 and is headquartered in Mooresville, NC.
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