NYSE:LOW has been on a tear since its Oct 27 low. The volume of buying during December 13, 14 and 15th is amazing. We now have a nice 8-day consolidation going that has formed a bullish pennant. In addition, today is shaping up to be an inside day. I do not know which way this will break but I did put on a one-third size position today with a stop just below the Dec 20th low. I will look to add to my position should it break to the upside. All TBD.
See the chart for other essential information.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
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Here is an updated chart on NYSE:LOW It is still on my watchlist. I now have an alert set on a cross above the short term downtrend line. Should it trigger I will open a starter position with a stop on a close back below that line. All TBD.