Lowe’s Companies (LOW) Offering Possible 17.65% Return Over the Next 24 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 $146.00 short put and a strike $141.00 long put offers a potential 17.65% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $146.00 by expiration. The full premium credit of $0.75 would be kept by the premium seller. The risk of $4.25 would be incurred if the stock dropped below the $141.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Lowe's Companies is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Lowe's Companies is bullish.

The RSI indicator is at 78.97 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Lowe's Companies

US Indexes Close Higher Wednesday
Wed, 22 Jul 2020 22:15:09 +0000
Dow Jones gains 0.62%, led by Pfizer Continue reading…

Whirlpool beats Wall St estimates, CEO says staying at home during COVID-19 key driver
Wed, 22 Jul 2020 20:12:11 +0000
Yahoo Finance catches up with Whirlpool CEO Marc Bitzer moments after earnings.

Lowe's to Launch Exclusive Partnership with EGO, Expands Outdoor Power Offering
Wed, 22 Jul 2020 11:00:00 +0000
Lowe's Companies, Inc (NYSE: LOW), the leading retailer in outdoor power equipment, today announced that it is expanding its industry-leading portfolio of outdoor power brands as it launches EGO, the number one brand in battery-powered outdoor power equipment. Beginning in December 2020, Lowe's will be the exclusive nationwide home center to offer the top-rated line of EGO's high-quality and innovative battery-powered mowers, blowers, string trimmers, hedge trimmers, edgers, chainsaws and snowblowers.

More businesses implement required mask policies: Home Depot, Lowe's, Gap, and more
Mon, 20 Jul 2020 18:25:22 +0000
More businesses are joining Walmart, Target, Whole Foods, and more companies in implementing required mask policies to protect employees and customers.

Walmart, CVS, Lowe’s among the retailers that will start requiring face coverings on Monday
Mon, 20 Jul 2020 13:57:00 +0000
Walmart and a number of other retailers are putting face covering requirements in place on Monday, with the National Retail Federation calling on all retailers to put a policy in place.

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