Lowe's Companies, Inc. (NYSE:LOW) posted Q2 earnings before the opening bell Monday morning, reporting $832 million, or $0.58 per share, up from the year-ago period's earnings of $759 million, or $0.51 per share. Quarterly sales rose from the year-ago period's $13.8 billion, to $14.4 billion in Q2. Analysts expected earnings of $0.59 per share. Same store sales rose 1.6% in Q2. Chief executive Robert Niblock commented, "With limited visibility into near-term demand, we continue to focus on operational efficiency to create value for our shareholders." The company expects earnings of $0.28 to $0.32 per share for the upcoming quarter, and sees earnings of $1.38 to $1.45 per share for FY10. SmarTrend alerted subscribers to take profits in Lowe's on May 06, 2010 at $25.45, since then the stock fell 23%. We are now watching for any positive developments that could result in a new uptrend signal. Lowe's is currently below its 50-day moving average (MA) of $21.26 and below its 200-day MA of $23.11. In the last five trading sessions, the 50-day MA has fallen 2.18% while the 200-day MA has slid 0.08%. http://bizvid.tv/