Lowe’s Companies (LOW) Offering Possible 38.5% Return Over the Next 23 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 $170.00 short put and a strike $165.00 long put offers a potential 38.5% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $170.00 by expiration. The full premium credit of $1.39 would be kept by the premium seller. The risk of $3.61 would be incurred if the stock dropped below the $165.00 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 above 80 which suggests that the stock is in overbought territory.

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

How Is Lowe's Companies' (NYSE:LOW) CEO Compensated?
Mon, 25 Jan 2021 09:00:03 +0000
Marvin Ellison became the CEO of Lowe's Companies, Inc. ( NYSE:LOW ) in 2018, and we think it's a good time to look at…

Lowe's (LOW) Stock Sinks As Market Gains: What You Should Know
Thu, 21 Jan 2021 22:50:10 +0000
Lowe's (LOW) closed at $172.34 in the latest trading session, marking a -0.03% move from the prior day.

Housing Starts Jumped at the End of 2020
Thu, 21 Jan 2021 22:15:56 +0000
Housing starts surged to end 2020, Yahoo Finance digs into if the sector can keep up the pace in 2021 with Tendayi Kapfidze, Chief Economist at Lending Tree.

This Construction ETF, IBD Stock Of The Day, Hits Buy Zone As Housing Starts Surge
Thu, 21 Jan 2021 21:21:06 +0000
The iShares U.S. Home Construction ETF is the Stock Of The Day, as the housing industry remains a bright spot in the economy.

Lowe's (LOW) Cheers on Solid Home Improvement Products Demand
Thu, 21 Jan 2021 14:53:02 +0000
Lowe's (LOW) is expected to keep gaining from growth in home improvements market. Strong e-commerce wing is helping the company meet rising demand from do-it-yourself and pro customers.

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