Today we will analyze the stock Owens Corning Inc (OC) for internet stock trading in the NYSE stock market,
Stock Technical indicators to notice in Owens Corning Inc (OC)
1- Last bullish trend was from 34.35 $ (4/30/2012) to 35.46 $ (5/2/2012) a 1.11 $ move 2- The current bearish trend started from 35.46 $ at 5/2/2012 and is currently trading at 33.07 $.
3- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
4- Bullish Divergance in MACD Indicator .
Owens Corning Inc (OC) Short term stock chart patterns for internet stock trading :

5- The Stock formed a 2.400 $ height triangle which was broken down at 34.770, target of the pattern is 32.370.
Owens Corning Inc (OC) Mid term stock chart patterns for internet stock trading :

6- The Stock formed a 6.820 $ height triangle which was broken down at 33.850, target of the pattern is 27.030.
Owens Corning Inc (OC) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 32.700 and 30.220 that was broken down at 33.850 transforming into a resistance line.

Stock Trading Conclusion:
Owens Corning Inc (OC) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 33.63, 33.98, 34.26, 34.54, 34.55, 34.87, 35.46, 36.68.
Stock Support levels : 32.37,.