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Shares of Owens Corning Rise to a New 52-Week High

By Nick Russo

Owens Corning (NYSE:OC) traded at a new 52-week high today of $63.42. This new high was reached on below average trading volume as 377,000 shares traded hands, while the average 30-day volume is approximately 1.6 million shares.

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 4.0% above its average consensus analyst price target of $59.53. 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 share prices have moved between a 52-week high of $63.42 and a 52-week low of $37.29 and are now trading 66% above that low price at $62.00 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.

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