Looking back on the past seven years, we can see that the stock of Home Depot (HD) rallied from around $15 to $136 (see the first chart below). We can also see that Lowe's (LOW) rallied from $15 to only $78 in the same time period (second chart below).
Will the price of LOW catch up to the price of HD? Probably not, but let's look closer at LOW.
In this daily chart of LOW, above, we can see that prices stalled in November/December and sold off into a February low. Prices came back the past two months to a slightly lower high. Prices are above the 50-day and 200-day moving averages and the 50-day looks poised to cross the 200-day for a possible golden cross. The On-Balance-Volume (OBV) line is up from a February low. Now let's look at the long-term chart.
This longer-term view of LOW, above, shows a possible triple top formation as LOW has failed three times in the $75 to $78 area. Prices are above the 40-week moving average, but the line is only just turning up. On this weekly timeframe, the OBV line is flat and there is no upside breakout in the OBV line that might foreshadow a price breakout. The Moving-Average-Convergence-Divergence (MACD) oscillator is above the zero line in a buy signal.
A close above $78 will change the chart from neutral to bullish while a close below $70 will go a long way in making the top pattern a reality. A close below $65 will complete the top pattern.