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Shares of Owens-Illinois Rise Above Previous 52-Week High

By Nick Russo

Shares of Owens-Illinois (NYSE:OI) traded at a new 52-week high today of $25.04. So far today approximately 164,000 shares have been exchanged, as compared to an average 30-day volume of 2 million shares.

Owens-Illinois (NYSE:OI) is currently priced 5.1% above its average consensus analyst price target of $23.54. The stock should find initial support at its 200-day moving average (MA) of $18.28 and further support at its 50-day MA of $16.43.

Owens-Illinois share prices have moved between a 52-week high of $25.04 and a 52-week low of $16.18 and are now trading 53% above that low price at $24.81 per share. 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%.

Owens-Illinois, Inc. manufactures glass packaging products. The Company produces glass containers for malt beverages, including beer and ready-to-drink low-alcohol refreshers, liquor, wine, food, tea, juice, and pharmaceuticals. Owens-Illinois sells its products to customers around the world.

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

Keywords: 52 week high/lows owens-illinois

Ticker(s): OI