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Double Top Alert On Lowe's

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January 18, 2012 – Comments (0) | RELATED TICKERS: HD , LOW

Lowe's Companies, Inc. (NYSE:LOW) has made a major move on the daily chart into a double top from 2011. This level should be significant resistance and a good shorting opportunity. The double top level is at $27.50. The stock made a low in August 2011 at $18.07. Since then, it has jumped 50%. A pull back is likely at this double top.

Gareth Soloway
InTheMoneyStocks.com

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