Owens Illinois Be Careful

I think the hardest thing to do is short a stock that is uptrending. However, if you think about it that is the best time to maximize potential profits. Let’s look at Owens Illinois ( OI). The stock is defintely uptrending, but the stock may be running out of steam. A classic sign is that as the stock prices rises, the MACD line gets weaker. The stock recently has been making new highs, but the MACD is making lower lows. This suggests that the Bulls are losing control of the stock and it may be time to get out. Keep an eye out.