This Blue-Chip ‘Loser’ Just Might Offer Contrarians a Pleasant Surprise

Lowe’s Companies (LOW) may be an everyday relevant enterprise but its market value reveals a different story. Since the beginning of the year, LOW stock is down nearly 21%, a victim of a challenging economic environment — particularly a softer-than-expected do-it-yourself demand. To add to the ignominy, LOW also found itself as one of the worst-performing equites within the large-capitalization segment over the past month.

Specifically, the ticker has slipped almost 12% in the past 30 days. The latest surge of red ink has also “earned” LOW stock a 100% Strong Sell rating by the Barchart Technical Opinion indicator. It’s safe to say, then, that at a quick glance, Lowe’s would appear to be a name to avoid.