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LOW climbed to new highs

Published: October 18th, 2020 - 12.29am EDT

On Friday's new highs arrive after achieving other 2 highs in the last few days. Lowe's Companies, Inc. ($LOW) stock barely changed on Friday a 0.88% closing at $177.70 and marking the new all-time highs at $180.67.

On October 5, 4 analyst firms posted ratings on Lowe's Companies BNP Paribas forecasts a target price of $159.00, with a neutral rating and Exane BNP Paribas forecasts a target price of $159.00, with a neutral rating. The opinions issued by financial brokerage firms are not a buy or sell advice for small traders, so it is not appropriate to follow them blindly.

Since last March, Lowe's Companies has been printing an uptrend that by now marked a gorgeous 199.01%. During this uptrend, the price offered some entry points on the breakouts. Latest low was in early September, when price bounced at $151.89. On October 9, Lowe's Companies broke out above its last top ($171.32) giving a good entry point

Lowe's Companies, Inc., together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as appliances, décor, paint, hardware, millwork, lawn and garden, lighting, lumber and building materials, flooring, kitchens and bath, rough plumbing and electrical, seasonal and outdoor living, and tools.. The stock is part of the Home Improvement Retail industry in the Consumer Cyclical sector. Headquarters are based in Mooresville, United States, and employs 300,000 people worldwide. Its corporate website is http://www.lowes.com.

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