Ocwen stock jumps 21.38% from July to Sept.
Mega mortgage servicer Ocwen (OCN) saw its stock jump 21.38% over the course of the past two months after SmarTrend recognized an “uptrend” for the stock.
David Diaz with SmarTrend elaborated on Ocwen's dramatic growth this week:
SmarTrend identified an Uptrend for Ocwen Financial on July 15th, 2013 at $45.95. In approximately 2 months, Ocwen Financial has returned 21.38% as of today's recent price of $55.77.
In the past 52 weeks, Ocwen Financial share prices have been bracketed by a low of $26.08 and a high of $57.58 and are now at $55.77, 114% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 1.7%.