iAnneTrader

LOW making new highs

Long
NYSE:LOW   Lowe's Companies, Inc.
I looked at LOW a few weeks ago, just after it had gapped up past $60. For those who traded it on a short-term strategy a nice profit in excess of 100 points would have been banked. Those who took a longer-term stance will have seen their equity rise by 250 points plus - so far.

LOW continues to make new highs and, after a stickiness around $45-$55, looks to be on the move again. There was a similar move last year - although at the moment this one is proving to be more linear. Still a buy.

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