Today’s instrument is Lowe’s Companies Inc.‘s stock traded on the NYSE exchange under the ticker LOW. 

When we look at the LOW‘s chart, we see its choppy trading action since the 12th of May rising and falling from the $188 to the $198 for most of the week. During yesterday’s session, it opened with a gap up into the $203, however, the reaction was immediate, and a retraction followed dropping into the $188 level where it found temporary support and rebounded nicely towards the close. It was last found trading at the $193.93 range.

Lowe’s Companies Inc. has scheduled a quarterly earnings announcement today 18/05/2022. If both EPS and Revenue exceed expectations, then a move in the $212 can be expected.

Today we can expect a move towards the $200 level.

If however, it doesn’t manage to hold on to the current level then a move below the $186 can be expected.

(Click on image to enlarge)