I recently pointed out a solid 2-year uptrend in Lowes Corporation (LTR). I wanted to wait for a break of recent resistance at the 44.50 level before entering a long position in the stock. Well, resistance has since broken and LTR looks primed for some upside.

After pushing through 44.50 resistance, LTR put in solid upside action. From a long-term perspective, you can certainly buy the stock here. I am going to wait for a pullback to resistance turned support at 44.50. All in all, this stock looks like a winner. You can likely make a few quick percentage points, or hold long term -- either way you should come out with a winning trade.



Andy Swan is co-founder and head trader for DaytradeTeam.com. To get all of Andy's day trading, swing trading, and options trading alerts in real time, subscribe to a one-week, all-inclusive trial membership to DaytradeTeam by clicking here.