Lowe's (LOW) NewsBite - LOW Rises In Early Trading
Posted: Thursday, September 02, 2010 10:21 AM EDT
By: Market Intelligence Center Staff
Lowe's (NYSE: LOW) opened at $21.33. So far today, the stock has hit a low of $21.28 and a high of $21.59. LOW is now trading at $21.62, up $0.38 (1.79%). Over the last 52 weeks the stock has ranged from a low of $19.15 to a high of $28.54. LOW shares are rising with the rest of the market this morning after news that initial jobless claims unexpectedly fell by 6,000 last week triggered a modest early-session rally, giving traders a little optimism ahead of tomorrow's crucial unemployment report. Technical indicators for the stock are neutral and S&P gives LOW a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on LOW the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 16 range. [ABR-Seven Summits Strategic Investments NewsBite]
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