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Owens-Illinois Crosses Above its 10-day MA (OI)

By Nick Russo

Today, shares of Owens-Illinois (NYSE:OI) have advanced above their 10-day MA of $18.15 on a volume of 215K 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, shares of Owens-Illinois have traded between a low of $11.58 and a high of $26.40 and are now at $18.32, which is 58% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 2.1%.

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

Keywords: moving crosses owens-illinois

Ticker(s): OI