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Owens Corning: The Losing Streak Continues (OC)

By Nick Russo

Shares of Owens Corning (NYSE:OC) traded today at $51.42, breaking its 52-week low. So far today approximately 81,000 shares have been exchanged, as compared to an average 30-day volume of 1.4 million shares.

In the past 52 weeks, Owens Corning share prices have been bracketed by a current low of $51.42 and a high of $96.52 and are now at $51.83. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.3% while the 200-day MA has slid 1.1%.

Owens Corning produces residential and commercial building materials, glass-fiber reinforcements, and engineered materials for composite systems. The Company offers its products globally to various industries.

There is potential upside of 71.7% for shares of Owens Corning based on a current price of $51.83 and an average consensus analyst price target of $89.00. The stock should run into initial resistance at its 50-day moving average (MA) of $57.45 and subsequent resistance at its 200-day MA of $71.44.

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: 52 week high/lows Owens Corning

Ticker(s): OC