As U.S. Census data point to seasonally adjusted growth in construction spending over the last few months, building stocks stand to benefit.
Building products manufacturer Owens Corning (OC) continued making 52-week highs in Wednesday trading to close at 49.44, up 1.2% on the day. The stock broke out strongly from a double-bottom buy point of 46.42 on March 18, with volume more than 40% above average. (Options expiration probably provided a boost).