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Owens Corning Crosses Above its 10-day MA (OC)

By Shiri Gupta

Owens Corning (NYSE:OC) shares have crossed bullishly above their 10-day moving average of $49.29 on a volume of 108K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Owens Corning share prices have moved between a 52-week high of $67.43 and a 52-week low of $40.64 and are now trading 23% above that low price at $49.81 per share. The 200-day and 50-day moving averages have moved 0.28% lower and 0.21% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Owens Corning and will alert subscribers who have OC in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Owens Corning

Ticker(s): OC