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Owens Corning Rises 1.85% on Heavy Volume: Watch For Potential Pullback
[January 09, 2013]

Owens Corning Rises 1.85% on Heavy Volume: Watch For Potential Pullback

Jan 09, 2013 (SmarTrend(R) News Watch via COMTEX) -- Owens Corning (NYSE:OC) traded in a range yesterday that spanned from a low of $38.66 to a high of $39.73. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $38.83 on volume of 2.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Owens Corning share prices have moved between a 52-week high of $39.73 and a 52-week low of $25.70 and are now trading 52% above that low price at $39.14 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.0%.

SmarTrend recommended that subscribers consider buying shares of Owens Corning on October 24th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $33.05. Since that recommendation, shares of Owens Corning have risen 16.3%. We continue to monitor OC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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