Lowe's Makes A New All-Time High And Retreats

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Lowe's Companies, Inc.LOW
shares are trading higher by $0.70 at $76.47 in Monday's session. The issue, which came close to a new all-time high on Friday, surpassed its former high ($76.25) reaching $77.25 before falling back under $77. In today's session, it bottomed $0.01 above Friday's close ($75.77) right off the opening before heading higher. Lowe's added nearly $4 since it announced its Q3 results last Wednesday, climbing from its November 17 close ($72.85) to its current level.
Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.
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