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Stocks With Rising Relative Price Strength: Lowes Companies

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On Monday, Lowes Companies ( LOW ) hit an important performance benchmark, with its Relative Strength ( RS ) Rating moving into the 80-plus percentile with an improvement to 81, an increase from 78 the day before.

[ibd-display-video id=2368044 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.

Decades of market research shows that the top-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves.

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Lowes Companies has climbed more than 5% past an 82.84 entry in a first-stage cup with handle , meaning it's now out of a proper buy range. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.

The company posted 19% EPS growth last quarter. Sales gains came in at 7%.

The company holds the No. 3 rank among its peers in the Retail/Wholesale-Building Products industry group. Floor & Decor ( FND ) is the top-ranked stock within the group.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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