Tuesday, May 28, 2019 1:43:30 PM
Shares of Lowe's (LOW) continue to fall sharply after their latest earnings report was horrid. The stock is down from a 52 week high of over $118 in April 2019 to its current $93.00 price. The exodus from the stock is getting overdone, but a swing trade bounce won't come into the stock until it tags $90. Once at $90, there is a multi-factor support level that will pop the stock to almost $100. Pro traders are eyeing $90 as a sweet swing trade level.
Gareth Soloway
InTheMoneyStocks
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