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

By Amy Schwartz

Owens Corning (NYSE:OC) shares have crossed bearishly below their 10-day moving average of $81.81 on a volume of 123K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Owens Corning share prices have been bracketed by a low of $46.45 and a high of $96.52 and are now at $81.47, 75% above that low price. The 200-day and 50-day moving averages have moved 0.19% higher and 0.84% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Owens Corning on February 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $90.16. Since that call, shares of Owens Corning have fallen 9.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Owens Corning

Ticker(s): OC