Lowe's had its Relative Strength (RS) Rating upgraded from 68 to 76 Tuesday — a welcome improvement, but still short of the 80 or better score you prefer to see.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best stocks often have an 80 or higher RS Rating in the early stages of their moves. See if Lowe's can continue to rebound and clear that threshold.
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Lowe's is working on a consolidation with a 287.01 buy point. See if it can clear the breakout price in heavy trade.
Although earnings and sales growth came in at -6% and -1%, respectively, in the latest report, that shows three quarters of improvement for earnings and one for revenue. The company is expected to report its next quarterly numbers on or around Feb. 26.
The company earns the No. 4 rank among its peers in the Retail/Wholesale-Building Products industry group. Home Depot is the top-ranked stock within the group.
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