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Writer's pictureLester Davids

OFFSHORE: Buy Lowes, Sell High - Thursday, 12 September 2024

Real-Time: 21h10 (South African Time) / U.S Trading Session


  • LOWES COMPANIES (Ticker: LOW)

  • Housing/Home Improvement Trade Idea

  • Multi-month base, with trigger on strong strong action at $260; Invalidated on a close below $226



 

Previous Post: 24 July


Both names, in the same sector, look to be emerging from a base base. Invitation Homes (INVH) is printing multi-month highs while American Homes 4 Rent (AMH) is looking to follow the same technical trajectory.


Invitation Homes INVH - Daily Chart


American Homes 4 Rent AMH - Daily Chart


Lester Davids

Analyst: Unum Capital

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