- Price has bounced back from strong support - Respecting the trendline - DOW theory intact - No current diversion EP: 220.31 (CMP) SL: 208.68 TP1: 231.94 TP2: 243.57 TP3: 255.20
If you haven`t bought the dip here: Then analyzing the options chain and the chart patterns of LOW Lowe's Companies prior to the earnings report this week, I would consider purchasing the 230usd strike price Calls with an expiration date of 2024-4-19, for a premium of approximately $11.15. If these options prove to be profitable prior to the earnings release, I...
This has everything going for them. Spring is near, housing need to show something to stinky fed, election year, existing home short supply and on and on. Don't go by fundamentals. Go by what's in the TA. Again idea is mine risk is yours.
The last earnings report on October 31 showed earnings per share of $3.27, beating the estimate of $3.02. P/B Ratio (0.000) is normal, around the industry mean (8.869). P/E Ratio (17.834) is within average values for comparable stocks, (28.574). Projected Growth (PEG Ratio) (3.190) is also within normal values, averaging (2.899). Dividend Yield (0.019) settles...
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...
NYSE:LOW current movement is similar to what we see across the consumer discretionary sector. It has also been consolidating in a long term symmetrical triangle. There are three supporting areas that I've kept an eye on: The 12/13/23 gap (215). Price fell through this level yesterday. The variable weighted average price anchored to the 11/2/23 breakout...
Retesting the S/R zone and upwards channel after breaking above. Expecting upside momentum to continue backed by positive analyst expectations. Watch out for US jobless claims in 7 mins.
Over the last 1 year, LOW has beaten estimates 100% of the time and has beaten revenue estimates 75% of the time. Retailers might see their demand softening as consumers could tighten their purse strings as economists expect a slowdown ahead in the backdrop of higher-for-longer interest rates. The market is growing too negative about the housing DIY market, and...
📶 S T A T I S T I C A L A N A L Y S I S Current 50-Day Market Trend: short/sellers/negative. Next Swing: neutral swing of volatility. Next Wave: sell wave to the range. Next 50-Day Market Trend: long/buyers/positive. Trade Type: Touch & Go don't wait for a close. 💵 E A R N I N G S A T A G L A N C E Market Capitalization: 117.558B Release Date:...
If you haven`t sold LOW ahead of the previous earnings: Then analyzing the options chain and the chart patterns of RUM Rumble prior to the earnings report this week, I would consider purchasing the 210usd strike price Calls with an expiration date of 2023-12-15, for a premium of approximately $3.70. If these options prove to be profitable prior to the earnings...
As you see here on Lowes, we are entering a demand zone. I will be looking to see how the heikin ashi candlesticks react to this level. I will also look for a bounce with high volume to validate my entry. Thank you as always for checking out my analysis.
Hi guys, In case of big stock crash this would be a nice target for buying lowes. That would be approx 50% down from ATH Not financial advice Maybe just a dream :)
Lowes (LOW) is currently touching the 200 Weekly MA and is likely to see a bounce from this level, regardless of whether it breaks down later on. Breakdown likely to hit trendline highlighted on chart. Exit price for bounce would be around $215.
Highly oversold here $205 and $210 are short term bounce targets
Analyzing the options chain and the chart patterns of LOW Lowe's Companies prior to the earnings report this week, I would consider purchasing the 210usd strike price Puts with an expiration date of 2023-10-20, for a premium of approximately $4.95. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking...
After hitting a LOW in June 2022, the stock broke out in June this year. It appears to be retracing or possibly filling a gap at 204.74. I’m watching this zone for a potential rebound, with two gaps above as profit targets. A break above this year’s high at 230.721 could lead to a target of 250 by year-end. However, if support gives way, marked by an upward...