MalcolmInTheMoney

$LOW | 12/13-12/17 | Watchlist #4

Long
NYSE:LOW   Lowe's Companies, Inc
$LOW $260 bounce
(Bounce off 260 for calls)

Technical analysis: Bull flag breakout on the hourly chart

News catalyst: "Lowe's holds a Financial Outlook event. The home improvement retailer is expected to focus some of its commentary on operating margin opportunities. Expect some analysis following the event on whether or not Lowe's can close the margin gap with Home Depot (NYSE:HD). Shares of Lowe's jumped 6% last year after the event featured some strong guidance." - Seeking Alpha

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