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Bullish Moving Average Cross by Owens-Illinois (OI)

By Amy Schwartz

Today, shares of Owens-Illinois (NYSE:OI) have advanced above their 10-day MA of $18.76 on a volume of 146K 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.

Owens-Illinois share prices have moved between a 52-week high of $26.40 and a 52-week low of $11.58 and are now trading 63% above that low price at $18.90 per share. 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 tracking the current trend status for Owens-Illinois and will alert subscribers who have OI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses owens-illinois

Ticker(s): OI