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$LOW Into Support As Bullish Pattern Signals Upside

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This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

Shares of Lowe's Companies, Inc. (NYSE:LOW) is holding major support on the daily stock chart with a bullish pattern setup. This signals a likely move higher next week for the household and homebuilding supplies retailer. Currently trading at a price of $71.27, the stock has upside to $81.25 assuming the stock market stays strong and continues to grind higher. This trade should play out within a week or two. Make sure to maintain a stop on any daily close below $69. This gives a great risk/reward trade setup.

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Investors buy shares of Lowe's Companies on bull stock chart


This article was written by ST G for on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

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