Can Owens Corning break the glass ceiling? $OC – March 12, 2024
This is Scott with your Chart of the Day. A really quick one here from Owens Corning ( NYSE: OC ).
Now, OC ( NYSE: OC ) is in a really strong uptrend. They have multiple quarters of positive earnings and are really close to a pretty clear pivot here. I want to know if Owens Corning ( NYSE: OC ) can break through that glass ceiling right around 160.30 and potentially get you, if I zoom out here, a new all-time high.
I definitely think it makes sense to set an alert on OC ( NYSE: OC ) right around 160.30. And look for a strong move into blue sky territory. It is a bit extended above that 8-day exponential period moving average, but if we see further upside in the market I’d definitely watch for this to have a blue sky breakout and break, through that level right there.
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