When the Price of (LOW) Talks, People Listen

January 26, 2024, 08:42 am ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for LOW

• Buy LOW slightly over 198.65 target 214.76 stop loss @ 198.08 Details

The technical summary data tells us to buy LOW near 198.65 with an upside target of 214.76. This data also tells us to set a stop loss @ 198.08 to protect against excessive loss in case the stock begins to move against the trade. 198.65 is the first level of support below 212.5 , and by rule, any test of support is a buy signal. In this case, support 198.65 would be being tested, so a buy signal would exist.

• Short LOW slightly under 214.76, target 198.65, stop loss @ 215.38 Details

The technical summary data is suggesting a short of LOW as it gets near 214.76 with a downside target of 198.65. We should have a stop loss in place at 215.38though. 214.76 is the first level of resistance above 212.5, and by rule, any test of resistance is a short signal. In this case, if resistance 214.76 is being tested, so a short signal would exist.

Swing Trading Plans for LOW

• Buy LOW slightly over 214.76, target 216.52, Stop Loss @ 214.14 Details

If 214.76 begins to break higher, the technical summary data tells us to buy LOW just slightly over 214.76, with an upside target of 216.52. The data also tells us to set a stop loss @ 214.14 in case the stock turns against the trade. 214.76 is the first level of resistance above 212.5, and by rule, any break above resistance is a buy signal. In this case, 214.76, 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 slightly near 214.76, target 211.39, Stop Loss @ 215.38. Details

The technical summary data is suggesting a short of LOW if it tests 214.76 with a downside target of 211.39. We should have a stop loss in place at 215.38 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, 214.76, 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 214.76, target 216.52, Stop Loss @ 214.26 Details

If 214.76 begins to break higher, the technical summary data tells us to buy LOW just slightly over 214.76, with an upside target of 216.52. The data also tells us to set a stop loss @ 214.26 in case the stock turns against the trade. 214.76 is the first level of resistance above 212.5, and by rule, any break above resistance is a buy signal. In this case, 214.76, 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 slightly near 214.76, target 211.39, Stop Loss @ 215.26. Details

The technical summary data is suggesting a short of LOW if it tests 214.76 with a downside target of 211.39. We should have a stop loss in place at 215.26 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, 214.76, 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.

Check the time stamp on this data. Updated AI-Generated Signals for Lowe's Companies Inc. (LOW) available here: LOW.

LOW Ratings for January 26:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	198.65
P2	208.5	211.39	214.76
P3	211.11	216.52	230.57

AI Generated Signals for LOW

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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 Inc. (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.