Lowe's stock saw a positive improvement to its Relative Strength (RS) Rating on Monday, with an increase from 70 to 78.
This proprietary rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History shows that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves. See if Lowe's can continue to show renewed price strength and clear that threshold.
How To Invest In Stocks In Both Bull And Bear Markets
Is Lowe's Stock A Buy?
Lowe's stock is in a buying range after climbing above a 248.99 entry in a cup with handle. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity..
Taking a look at top and bottom line numbers, Lowe's has posted rising EPS growth in each of the last two reports. Sales gains have been a different story, coming in at -5% last quarter.
Lowe's stock holds the No. 4 rank among its peers in the Retail/Wholesale-Building Products industry group. Tractor Supply is the No. 1-ranked stock within the group.
