Lowe's Trims Losses After Nosedive Following Q4 Report

Lowe's Companies are trading lower by $0.70 at $67.20in Wednesday's session. It has been a volatile session for the issue following an inline Q4 report for EPS and slight beat for revenues. Also, the company issued modestly higher FY2016 EPS guidance. After a lower open, it quickly dropped to $64.85,which filled a void in price action from February 15, before staging a rebound. The ensuing rally found resistance just ahead of Tuesday's close ($67.90), by only reaching $67.86.