Lowe’s
By Steve Abraham on Jul 03, 2007
Lowe’s home improvement has been getting hammered along with its sister, Home Depot. The obvious reason is due to the slowing housing market. There may be other reasons. However, the stock is approaching some support around the $30.50 area. I’m curious to see if it bounces. If it breaks below this support, then I think the stock is done for awhile.
This entry was posted on Tuesday, July 3rd, 2007 at 6:21 pm and is filed under Annotated Analysis.
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2 Responses to “Lowe’s”
By $$DoLLaR$$ on July 9th, 2007 at 8:22 am
good stock to watch it …. the stock have good base in 30.45 to 30.5
these base hard to break it so i think the stock will fly like rocket when touchit
ROCKET IT
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Even if Lowes does figure out how to stop its slide I don’t see much upside to it until it breaks back above the trend of lower highs its facing.