LOW Volatility Dries Up Near $264.57, Direction TBD
Lowe's Companies Inc (LOW) finished unchanged at $264.57 on March 2.
The technical picture is bearish:
Moving Averages
The stock trades below its 9-day EMA ($271.89) with the 21-day ($273.59) acting as overhead resistance.
Momentum
RSI at 41.5 is neutral but weakening. MACD reads 0.35 against its 3.29 signal line (bearish).
Volatility
A 16-day TTM Squeeze suggests volatility is coiled and a breakout may be imminent.
Traders are watching $261.70 on the downside and $291.13 on the upside.
