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Bullish Moving Average Cross by Owens-Illinois (OI)

By David Diaz

Owens-Illinois (NYSE:OI) crossed over its 10-day moving average of $21.41 on a volume of 257K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Owens-Illinois have traded between a low of $16.18 and a high of $25.90 and are now at $21.64, which is 34% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 2.1%.

SmarTrend is monitoring the recent change of momentum in Owens-Illinois. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Owens-Illinois in search of a potential trend change.

Keywords: moving crosses owens-illinois

Ticker(s): OI