Lowe’s Companies (LOW) Offering Possible 19.33% Return Over the Next 8 Calendar Days

Lowe’s Companies’s most recent trend suggests a bullish bias. One trading opportunity on Lowe’s Companies is a Bull Put Spread using a strike $95.00 short put and a strike $90.00 long put offers a potential 19.33% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $95.00 by expiration. The full premium credit of $0.81 would be kept by the premium seller. The risk of $4.19 would be incurred if the stock dropped below the $90.00 long put 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 at 23.82 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for Lowe’s Companies

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Lowe’s to Webcast Presentation from the Oppenheimer 19ᵗʰ Annual Consumer Growth & E-Commerce Conference
Tue, 11 Jun 2019 13:00:00 +0000
MOORESVILLE, N.C. , June 11, 2019 /PRNewswire/ — Lowe’s Companies, Inc. (NYSE: LOW) announces that Marvin R. Ellison , president and chief executive officer, and David M. Denton , chief financial officer, …

See what the IHS Markit Score report has to say about Lowe’s Companies Inc.
Tue, 11 Jun 2019 12:01:03 +0000
Lowe’s Companies Inc NYSE:LOWView full report here! Summary * Perception of the company’s creditworthiness is negative * Bearish sentiment is low * Economic output in this company’s sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for LOW with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold LOW had net inflows of $6.42 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers’ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. LOW credit default swap spreads are near their highest levels of the last 3 years, which indicates the market’s more negative perception of the company’s credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

3 Stocks That Can’t Escape the Bears’ Crosshairs
Mon, 10 Jun 2019 15:55:17 +0000
With stocks flying high on the heels of a Mexico-U.S. trade deal, bullish picks are likely multiplying across the web. But we’re going to take the road less traveled with today’s gallery by focusing on stocks to sell. The reasons are simple.First, active traders who desire to increase their quantity of trades must of necessity play the bullish and bearish side of the market. Otherwise, you end up with way too much exposure creating large fluctuations in your account value. Just think about someone who was swinging 15 bearish trades and no bullish ones last week when the market rallied five-days in a row. Ouch! By diversifying strategies you can trade more but have less risk.Second, last week’s runup may have turned some trends higher but many remain bearish. The rally simply returned them to resistance creating compelling short setups.InvestorPlace – Stock Market News, Stock Advice & Trading Tips * 7 A-Rated Stocks to Buy Under $10 Let’s take a closer look at three stocks to sell. Canopy Growth Corp (CGC) Click to Enlarge Source: ThinkorSwim Pot stocks lost their mojo last month, and Canopy Growth (NYSE:CGC) wasn’t immune to the fall. CGC fell below its 200-day moving average for the first time in six months. Its descent has been long enough to reverse the 20-day and 50-day moving averages lower. Last week’s rebound returned CGC stock to potential resistance, setting up a classic swing sell pattern.The only question is whether it will trigger. This morning’s 3.7% rally is extending last week’s gains, so I suggest waiting until the stock breaks a prior day’s low before deploying bear trades.For now, I like using today’s low of $42.61 as the trigger. If we take it out, then consider buying Aug $45 puts. A break above $46 would cause me to change my tune. Lyft (LYFT) Click to Enlarge Source: ThinkorSwim The Uber (NYSE:UBER) IPO breathed new life into LYFT (NASDAQ:LYFT) shares last month. Since bottoming at $47.17, LYFT stock has rebounded 27%. And while I’m open to the possibility of continued strength in the stock, overhead resistance at $63 has me eyeing a bearish trade here.The risk, if wrong, is minimal. And the potential reward is substantial if LYFT rolls over. For the first target, you can use the closest support pivot at $54. After that, $50 comes into play. Consider using a break of Friday’s low at $59.21 as your trigger. * 10 Stocks to Buy That Could Be Takeover Targets For strategy selection, I like the Oct $60/$50 bear put spread, which currently costs $5.30. Lowes (LOW) Click to Enlarge Source: ThinkorSwim Out of today’s selection of stocks to sell, Lowe’s (NYSE:LOW) has the cleanest swing sell setup. Its share price was slammed after disappointing the Street with last month’s earnings announcement. The high volume swoon carried LOW stock to a fresh three-month low. Since then, we’ve seen an oversold bounce returning LOW to a horizontal resistance zone and its descending 20-day moving average.While the rebound may continue for a day or two yet, this price zone is an area to watch closely for sellers to emerge. For now, use Friday’s low ($96.70) as the trigger for bearish plays.The Oct $95/$90 bear put spread costs $1.80 and offers a low risk way to capitalize on the next downswing.As of this writing, Tyler Craig didn’t hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy As They Hit 52-Week Lows * 4 Antitrust Tech Stocks to Keep an Eye On * 5 Gold and Silver Stocks Touching Intraday Highs Compare Brokers The post 3 Stocks That Can’t Escape the Bears’ Crosshairs appeared first on InvestorPlace.

THE LIST: A look at Charlotte’s top-earning public companies
Mon, 10 Jun 2019 10:31:09 +0000
The most recent Charlotte Business Journal lists the area’s largest non-financial public companies, ranked two ways.

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