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Owens Corning: 52-Week High Recently Eclipsed (OC)

By Amy Schwartz

Owens Corning (NYSE:OC) traded at a new 52-week high today of $54.80. This new high was reached on below average trading volume as 195,000 shares traded hands, while the average 30-day volume is approximately 1.6 million shares.

Owens Corning (NYSE:OC) defies analysts with a current price ($54.54) 8.2% above its average consensus price target of $50.09. The stock should find initial support at its 50-day moving average (MA) of $47.45 and further support at its 200-day MA of $45.57.

Owens Corning share prices have moved between a 52-week high of $54.80 and a 52-week low of $37.29 and are now trading 46% above that low price at $54.54 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.2%.

Owens Corning Inc. offers insulation, roofing, siding, basement and acoustic systems for building and remodeling, composites solutions and asphalt.

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: 52 week high/lows Owens Corning

Ticker(s): OC