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Shares of Owens Corning Rise Above Previous 52-Week High

By Shiri Gupta

Shares of Owens Corning (NYSE:OC) traded today at $52.52, breaking its 52-week high. Approximately 367,000 shares have changed hands today, as compared to an average 30-day volume of 1.2 million shares.

Owens Corning share prices have moved between a 52-week high of $52.52 and a 52-week low of $37.29 and are now trading 40% above that low price at $52.37 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.8% while the 200-day MA has risen 0.6%.

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

Owens Corning (NYSE:OC) is currently priced 4.3% above its average consensus analyst price target of $50.09. The stock should find initial support at its 50-day moving average (MA) of $46.24 and further support at its 200-day MA of $45.30.

SmarTrend recommended that subscribers consider buying shares of Owens Corning on March 2nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $44.03. 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