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Owens-Illinois, Inc. (OI) - Buy, Sell or Hold?

Sector: Consumer Durables   Sub-Sector: Containers/Packaging
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 17 Nov 2017DojiMorning StarThu, 16 Nov 2017-0.22%
***Stock database and scans are updated around midnight (New York time) every trading day.
23.16 0.00 (0%) Nov 17 4:00pm EST
Open: 23.15 Range: 23.04 - 23.22 Vol: 1.62M Avg Vol: 1.29M
EPS: 1.38 P/E ratio: 17.31 EBITDA: 1.06B Mkt Cap: 3.89B
Analyze "OI" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 23.17
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 23.72
Last Trade is below the 50 day moving average at 24.50
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 22.73
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of OI

Stock Trend Analysis - Buy, Sell or Hold "Owens-Illinois, Inc." (OI)?

OI is in a very strong uptrend. In the last 52 weeks, OI has been trading above the 200 day moving average for 96% of the time with an average daily volume of 1.3M shares being traded. The 50 day moving average, currently at 24.50, although still maintaining a bullish inclination, is however exhibiting characteristics of a medium term trading range. As the dominant long term trend is still up strongly, the high probability trade is still buying the dips. The 20 day moving average is in a trading range and is generally bucking the trend with a bearish bias. OI was only able to maintain above the 20 SMA for 42.5% of the time in the last month of trading. Objectively, in a strong uptrend, the high probability strategy is to buy dips. A good area for traders who are considering taking a long position in OI is near the 200 SMA currently at 22.73. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "OI".

The analyst consensus estimates for the 1 year price target for this stock is $26.77* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 17 Nov 2017
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