Bearish Moving Average Cross by Owens Corning (OC)
Today, shares of Owens Corning (NYSE:OC) have fallen below their 10-day MA of $39.64 on a volume of 202K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Owens Corning has traded in a range of $29.15 to $45.55 and is now at $39.49, 35% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 0.6%.
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