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Bearish Moving Average Cross by Owens Corning (OC)

By Amy Schwartz

Owens Corning (NYSE:OC) crossed under its 10-day moving average of $64.53 on a volume of 104K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Owens Corning have traded between a low of $37.29 and a high of $65.70 and are now at $64.37, which is 73% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.

SmarTrend is tracking the current trend status for Owens Corning and will alert subscribers who have OC in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Owens Corning

Ticker(s): OC