08.09.2014 - Loews is likely to continue declining
Loews stock price after the rebound from the lower border of the falling channel has reached the resistance level of 43.75, but could not overcome it, and began to decline. Given the medium-term downtrend, we recommend to open short positions with the targets near the lower boundary of the channel and levels 42.40 and 41.60. Stop should be set above 44.50. In case of growth, with a target around 50.00 long positions should open after fixation above 44.50. We expect continued reduction the price in the medium term.