Lowes (LOW) Stock Nears Resistance

Posted by Blain Reinkensmeyer
June 2, 2006 at 2:41 am

Keep an eye on shares of Lowes Companies (LOW) as the stock is now nearing its 50 and 200 day moving averages. The last test of these resistance points resulted in no luck as the stock collapsed and downtrended to below $60. Today the stock ended the day $1.18 to a close of $63.46. The company announced a dividend increase on May 25th, 2006.



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