Lowe's stock saw a positive improvement to its Relative Strength (RS) Rating on Monday, with an upgrade from 69 to 76.
This proprietary rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an 80 or better RS Rating as they begin their largest climbs. See if Lowe's stock can continue to show renewed price strength and clear that threshold.
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Is Lowe's Stock A Buy?
Lowe's stock broke out earlier, but has fallen back below the prior 248.99 entry from a cup with handle. If a stock you're watching climbs above a buy point then retreats 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new base and breakout. Also keep in mind that the most recent pattern is a later-stage base, and those involve more risk.
Regarding top and bottom line numbers, the company has posted two quarters of increasing earnings growth. Sales gains have not followed the same trajectory, coming in at -5% last quarter.
Lowe's stock holds the No. 4 rank among its peers in the Retail/Wholesale-Building Products industry group. Tractor Supply is the No. 1-ranked stock within the group.
