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Owens Corning: The Winning Streak Continues (OC)

By Nick Russo

Owens Corning (NYSE:OC) traded today at a new 52-week high of $74.71. This new high was reached on below average trading volume as 142,000 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 ($74.12) 8.1% above its average consensus price target of $68.14. Owens Corning shares have support at the 50-day moving average (MA) of $47.45 and additional support at the 200-day MA of $45.57.

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.

Owens Corning share prices have moved between a 52-week high of $74.71 and a 52-week low of $46.45 and are now trading 60% above that low price at $74.12 per share. 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 subscribers consider buying shares of Owens Corning on May 16th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $62.90. Since that recommendation, shares of Owens Corning have risen 17.6%. We continue to monitor OC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Owens Corning

Ticker(s): OC