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Bullish Moving Average Cross by Owens-Illinois (OI)

By Nick Russo

Owens-Illinois (NYSE:OI) shares have crossed bullishly above their 10-day moving average of $9.42 on a volume of 486K 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 $8.91 and a high of $20.78 and are now at $9.64, which is 8% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 5.9% while the 200-day MA has slid 0.9%.

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