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News Breaks | | | | September 6, 2012 | | 10:21 EDT |  | OI | Owens-Illinois breaks out above its down-trending 10-day moving average
The stock is on the move up this morning, last higher by nearly 7%. At the current price of $18.40, the shares are well above the descending 10-day moving average and short-term bearish price channel. This is bullish price behavior. Next resistance is at $18.59, and then $18.77. Support is at $18.30. | |
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News For OI From The Last 14 Days Check below for free stories on OI the last two weeks. |
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| May 17, 2013 | | 07:33 EDT |  | OI | Paper & Packaging names likely to return cash to holders, says Jefferies
Jefferies expects names in the Paper & Packaging space to start returning cash to shareholders at a greater rate due to strong balance sheets and record free cash flow. The firm names International Paper (IP), RockTenn (RKT) and Owens-Illinois (OI) as best positioned to see higher share prices from more aggressive cash returns to shareholders. Jefferies says Crown Holdings (CCK), Graphic Packaging (GPK) and Owens-Illinois are likely to issue dividends. | | | May 13, 2013 | | 07:37 EDT | | OI | Owens-Illinois to benefit from better pricing dynamics, says Jefferies
Jefferies says negative sentiment around the glass market is unwarranted and expects Owens-Illinois to benefit from better pricing dynamics. The firm believes the glass market is similar to the containerboard market, with consolidation likely over the next few years. Jefferies raised its price target for Owens-Illinois shares to $35 from $33 and keeps a Buy rating on the stock. | |
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