Owens Corning Getting Closer To Key Technical Benchmark

The Relative Strength (RS) Rating for Owens Corning (OC) moved into a higher percentile Tuesday, as it got a lift from 67 to 74.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s unique rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price performance over the last 52 weeks stacks up against all the other stocks in our database.

History reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of over 80 as they launch their largest price moves. See if Owens Corning can continue to show renewed price strength and hit that benchmark.

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Owens Corning is building a consolidation with a 109.99 buy point. See if the stock can break out in volume at least 40% above average.

In terms of top and bottom line numbers, the company has posted rising EPS growth over the last four quarters. Revenue gains have also increased during the same period.

Owens Corning earns the No. 7 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Builders Firstsource (BLDR) and TopBuild (BLD) are also among the group’s highest-rated stocks.


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