Monday, August 20, 2007

Lowe's (LOW)

Watching what is happening on LOW after they reported good earnings I am seeing a potential short opportunity. Buyers can't push it any higher so far.

On the 60 minute chart $28.75 is short term resistance. I might (emphasize the 'might') be inclined to short LOW if it touches the short term resistance and does not push through.

0 Comments:

© Blogger Templates | Webtalks