Bearish Moving Average Cross by Owens Corning (OC)
Today, shares of Owens Corning (NYSE:OC) have fallen below their 10-day MA of $43.25 on a volume of 601K 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, Owens Corning share prices have been bracketed by a low of $28.38 and a high of $47.90 and are now at $43.00, 52% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has remained constant.
SmarTrend is monitoring the recent change of momentum in Owens Corning. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Owens Corning in search of a potential trend change.
Keywords: moving crosses Owens Corning