Lowe's (LOW) NewsBite - LOW Upgraded By UBS
Posted: Tuesday, November 03, 2009 12:23 PM EDT
By: Market Intelligence Center Staff
Lowe's (LOW) was upgraded today by analysts at UBS and the stock is now at $19.48, down $0.10 (-0.51%) on volume of 7,651,409 shares traded. UBS upgraded the stock today from Buy from Neutral. Over the last 52 weeks the stock has ranged from a low of $13.00 in March to a high of $24.09 in August. Lowe's stock has been showing support around $18.98 and resistance in the $20.30 range. 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 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Lowe's (LOW) Stock ReportSee what our analysts have uncovered about Lowe's (LOW).