Wheeee! Topping Tails Signal Drop In Lowe's Companies, Inc.
Lowe's Companies, Inc. (NYSE:LOW) is falling today. The stock is trading at $35.65, -0.39 (-1.08%). In the last four trading days the stock has made two topping tails. A topping tail signals a near term top and a great shorting opportunity. In addition, the stock is up almost 50% since August.
As if these were not good enough reasons to expect a near term pull back, think about all the bullish talk LOW has gotten since SuperStorm Sandy. The rebuilding effort will be massive every analyst has said. As these analysts talk up the stock, every little average investor piles in and the institutions gladly sell to them. This markets a top. Remember, the more bullish the media and analysts, the more likely a top is at hand.