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After Yesterday's Decline of 2.07%, Owens Corning Offers Investors Better Value

By David Diaz

Owens Corning (NYSE:OC) traded in a range yesterday that spanned from a low of $50.24 to a high of $52.24. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $51.45 on volume of 479,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Owens Corning have traded between the current low of $50.38 and a high of $96.52 and are now at $50.46. Over the past week, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has declined 1.3%.

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

Keywords: rebounders Owens Corning

Ticker(s): OC