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 $65.00 short put and a strike $60.00 long put offers a potential 6.16% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $65.00 by expiration. The full premium credit of $0.29 would be kept by the premium seller. The risk of $4.71 would be incurred if the stock dropped below the $60.00 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 69.08 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Lowe's Companies
Gordmans to vacate one of its Memphis stores
Tue, 23 Dec 2014 21:10:10 GMT
bizjournals.com – Gordmans will close one of its Memphis locations at the end of January, citing slower store traffic compared to its other stores. Omaha-based Gordmans (GMAN) will not renew its 60,000-square-foot lease at 7761 Winchester Road, close to Route 385, Amy Myers, vice president of marketing for Gordmans, confirmed. “In reviewing the overall market, Gordmans decided not to renew the lease for its store on Winchester Road as the store traffic was not as robust as Gordmans' other stores in the Memphis-area market located in Cordova, Tennessee, and in nearby Southaven, Mississippi,” she said.
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