Lowe's Companies could breakout the USD 49 resistance in the short term.

From a fundamental viewpoint, the group is in a good financial situation. Sales have increased by + 5.1% on the current year. Analysts widely revised upward in recent times their earnings per share estimates, which is a reliable indicator reflecting the company's health.

Technically, prices continue to increase sharply for several month. On all time scales, all indicators are green and moving averages are well oriented. The security is now moving toward the mid-term resistance located at USD 49 and seems able to breakout soon, supported by 20-day moving average.

Investors could take a buying position once prices will be above the resistance to target the USD 51.5 (swing effect). A stop loss will be positioned under the entry point.