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Shares of Owens Corning Has Risen Above Previous 52-Week High

By Amy Schwartz

Shares of Owens Corning (NYSE:OC) traded at a new 52-week high today of $53.99. This new high was reached on below average trading volume as 83,000 shares traded hands, while the average 30-day volume is approximately 1.6 million shares.

In the past 52 weeks, Owens Corning share prices have been bracketed by a low of $37.29 and a high of $53.99 and are now at $53.92, 45% 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.

Owens Corning (NYSE:OC) is currently priced 7.1% above its average consensus analyst price target of $50.09. The stock should discover initial support at its 50-day moving average (MA) of $47.45 and subsequent support at its 200-day MA of $45.57.

Owens Corning Inc. offers insulation, roofing, siding, basement and acoustic systems for building and remodeling, composites solutions and asphalt.

SmarTrend is monitoring the recent change of momentum in Owens Corning. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Owens Corning in search of a potential trend change.

Keywords: 52 week high/lows Owens Corning

Ticker(s): OC