• Return to Headlines

SmarTrend Watching for Potential Rebound in Shares of Owens Corning After 1.73% Loss

By James Quinn

Owens Corning (NYSE:OC) traded in a range yesterday that spanned from a low of $81.63 to a high of $83.97. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $81.81 on volume of 359,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Owens Corning on February 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $90.16. Since that call, shares of Owens Corning have fallen 7.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Owens Corning have traded between a low of $46.45 and a high of $96.52 and are now at $81.64, which is 76% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.

Keywords: rebounders Owens Corning

Ticker(s): OC