Is a Breakout for Lowe’s in the Charts?

by Christian Tharp, CMT

An ascending triangle pattern has formed in the chart of Lowe’s Inc. (LOW).  This is a bullish pattern and if the resistance level is broken, a breakout is expected…


Lowe’s Inc. (LOW) is the second- largest home improvement retailer in the world, operating about 1,970 stores throughout the United States and Canada. The firm’s stores offer products and services for home decorating, maintenance, repair, and remodeling.

The company has benefited from an increased interest in home improvement projects as the pandemic led to more people staying at home. LOW took action to increase its omni-channel capabilities to allow for both professional and do-it-yourself customers to buy online and pick up at stores.

LOW had $10.1 billion in cash as of the end of its last reported quarter, compared to only $609 million in short-term debt. This has led to a Quality Grade of B in our POWR Ratings system. The company is also highly profitable with an ROIC of 21%.

In terms of growth, LOW’s earnings rose 29.3% last year and at an average of 21.1% over the past five years. Earnings are expected to rise 28.2% this quarter and 51.8% this year. The company has a Growth Grade of B.

LOW has P/E of 24.9 and a Price to Sales Ratio of 1.6, both under the industry average. The stock has shown bullish momentum over the long-term and over the past few months. This has resulted in a Momentum Grade of A.

Take a look at the 1-year chart of LOW below with the added notations…

See chart and continue reading at

‘If you’re looking for free trading resources… click here’

Good luck!

Christian Tharp, CMT 

Our Experts Found 9 Stocks You Will Hold Forever

With individual stock selection now more critical than ever, this report is designed to bring you some of our top ideas for the year ahead. One of the companies highlighted in this report controls the smartphone market and now has its sights set on owning a bigger technology. It has the potential to be the most valuable stock in the history of investing. You need to find out the name of this company before the rest of the market does. This Report Is Completely Free, Download Your Copy Today

Interested in events that actually move the market?Awesome!

Let us send you a recap of every weeks market movers!

Better yet…Receive ALERTS
of Market Moving Events…
seconds after they surface!

  • Mergers & Acquisitions
  • Clinical Trials
  • Contract Awards
  • Stock Repurchase Programs
  • Earnings Announcement

Get Started