Lowe’s Companies (LOW) Offering Possible 27.39% Return Over the Next 29 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 $185.00 short put and a strike $175.00 long put offers a potential 27.39% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $185.00 by expiration. The full premium credit of $2.15 would be kept by the premium seller. The risk of $7.85 would be incurred if the stock dropped below the $175.00 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 45.39 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

Lowe’s Profit Tops Estimates, Affirms 2022 Outlook
Wed, 18 May 2022 10:27:00 +0000
Lowe's affirms its outlook for 2022 revenue of $97 billion to $99 billion, and earnings of $13.10 to $13.60 a share.

Lowe's Earnings Mixed After Home Depot Stock Rises On Surprise Profit Gain
Wed, 18 May 2022 10:24:42 +0000
Lowe's earnings beat views early Wednesday but revenue fell short. On Tuesday, Home Depot earnings and sales defied estimates for a decline.

Lowe's stock falls as profit rises above expectations but sales fell a bit shy as cold weather hurt
Wed, 18 May 2022 10:10:31 +0000
Share of Lowe's Cos. fell 1.1% in premarket trading Wednesday, after the home improvement retailer reported a fiscal first-quarter profit that rose above expectations but total and same-store sales that fell a bit shy, hurt by unseasonably cold temperatures in April. Net income for the quarter to April 29 rose to $2.33 billion, or $3.51 a share, from $2.32 billion, or $3.21 a share, in the year-ago period. The FactSet consensus for earnings per share was $3.22. Sales declined 3.1% to $23.66 bill

LOWE'S REPORTS FIRST QUARTER 2022 SALES AND EARNINGS RESULTS
Wed, 18 May 2022 10:00:00 +0000
Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $2.3 billion, in line with prior-year results, and diluted earnings per share (EPS) of $3.51 for the quarter ended April 29, 2022, compared to diluted EPS of $3.21 in the first quarter of 2021.

Cisco Earnings, Lowe's Outlook, Target Reports: 3 Things to Watch
Tue, 17 May 2022 16:31:44 +0000
By Liz Moyer

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