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Owens-Illinois Bullish Moving Average Crossover Alert (OI)

By David Diaz

Today, shares of Owens-Illinois (NYSE:OI) have crossed bullishly above their 10-day moving average of $18.80 on a volume of 161K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Owens-Illinois share prices have been bracketed by a low of $17.95 and a high of $25.90 and are now at $19.07, 6% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Owens-Illinois on March 28th, 2018 by issuing a Downtrend alert when the shares were trading at $21.36. Since that call, shares of Owens-Illinois have fallen 12.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses owens-illinois

Ticker(s): OI