Shares of Owens Corning (NYSE:OC) traded today at $63.09, eclipsing its 52-week high. This new high was reached on below average trading volume as 743,000 shares traded hands, while the average 30-day volume is approximately 2.3 million shares.
There is potential upside of 41.9% for shares of Owens Corning based on a current price of $62.72 and an average consensus analyst price target of $89.00. The stock should find initial support at its 50-day moving average (MA) of $57.13 and further support at its 200-day MA of $51.73.
Owens Corning, together with its subsidiaries, produces and sells glass fiber reinforcements and other materials for composites; and residential, commercial, and industrial building materials worldwide.
In the past 52 weeks, Owens Corning share prices are bracketed by a low of $40.64 and a high of $63.09 and is now at $62.72, 54% above that low price. The 200-day and 50-day moving averages have moved 0.48% higher and 0.64% higher over the past week, respectively.
NetworkNewsWire is monitoring the Building Products Industry for any potential shift so investors can protect gains.
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