LOW Overbought Surge to $277.01 May Stall
Lowe's Companies Inc (LOW) ticked higher by 0.75% to $277.01 on January 16.
Technical indicators paint a bullish picture:
Momentum
RSI at 80.3 is in overbought territory, suggesting potential near-term exhaustion. MACD reads 8.06 against its 4.69 signal line (bullish).
Moving Averages
Bullish EMA alignment intact with price above the 9-day at $265.18 and 21-day at $255.47.
Volatility
Bollinger Band width at 19.9% indicates normal volatility.
While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.
Traders are watching $226.99 on the downside and $277.18 on the upside.
