Lowe's Cos. (LOW) has posted solid stock price gains so far this year. Can it continue? Let's check the charts and indicators of the home improvement retailer to find out.
In this daily bar chart of LOW, below, I can see that prices have rallied nicely since making lows in October/November. A fresh rally began in late March and now prices trade above the rising 50-day moving average line and above the rising 200-day moving average line.
The On-Balance-Volume (OBV) line has been steady for months but looks like it is strengthening since June. The Moving Average Convergence Divergence (MACD) oscillator is bullish.