When the Price of Lowe's Companies LOW Talks, People Listen

January 21, 2022, 22:45 pm ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Lowe's Companies (NYSE: LOW) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for LOW can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for LOW

• Buy LOW slightly over 220.54 target 236.00 stop loss @ 219.9 Details

The technical summary data tells us to buy LOW near 220.54 with an upside target of 236.00. This data also tells us to set a stop loss @ 219.9 to protect against excessive loss in case the stock begins to move against the trade. 220.54 is the first level of support below 225.02 , and by rule, any test of support is a buy signal. In this case, support 220.54 would be being tested, so a buy signal would exist.

• Short LOW under 236.00, target 220.54, stop loss @ 236.68 Details

The technical summary data is suggesting a short of LOW as it gets near 236.00 with a downside target of 220.54. We should have a stop loss in place at 236.68though. 236.00 is the first level of resistance above 225.02, and by rule, any test of resistance is a short signal. In this case, if resistance 236.00 is being tested, so a short signal would exist.

Swing Trading Plans for LOW

• Buy LOW slightly over 230.26, target 236.00, Stop Loss @ 229.6 Details

If 230.26 begins to break higher, the technical summary data tells us to buy LOW just slightly over 230.26, with an upside target of 236.00. The data also tells us to set a stop loss @ 229.6 in case the stock turns against the trade. 230.26 is the first level of resistance above 225.02, and by rule, any break above resistance is a buy signal. In this case, 230.26, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short LOW near 230.26, target 220.54, Stop Loss @ 230.92. Details

The technical summary data is suggesting a short of LOW if it tests 230.26 with a downside target of 220.54. We should have a stop loss in place at 230.92 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 230.26, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for LOW

• Buy LOW slightly over 226.19, target 230.26, Stop Loss @ 225.66 Details

If 226.19 begins to break higher, the technical summary data tells us to buy LOW just slightly over 226.19, with an upside target of 230.26. The data also tells us to set a stop loss @ 225.66 in case the stock turns against the trade. 226.19 is the first level of resistance above 225.02, and by rule, any break above resistance is a buy signal. In this case, 226.19, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short LOW near 226.19, target 220.54, Stop Loss @ 226.72. Details

The technical summary data is suggesting a short of LOW if it tests 226.19 with a downside target of 220.54. We should have a stop loss in place at 226.72 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 226.19, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

LOW Ratings for January 21:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	220.54
P2	226.19	230.26	236.00
P3	231.55	239.76	251.91

Support and Resistance Plot Chart for LOW

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