LOWES GRINDING THROUGH A CORRECTIVE CONSOLIDATION. WHERE DOES SUPPORT SHOW UP?

Lowes stock is correcting right now and has key support down at the January closing high of $70.50. If that level fails to hold up, the next stop down for LOW will likely be the horizontal line support at $66.08. The truly bearish of Lowes out there may be eyeballing a potential fill of the upside gap at $58.53 to $61.23 (which occurred on November 19th of last year). Resistance for the stock comes in at the twice-tested $76 level. Above that, it is clear air.

Posted to Peak Analytics' Direction... on Apr 19, 2015 — 12:04 PM

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Excellent advice these last turbulent months...
         
Wide stop loss and small at profit taking but that's their style.
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