GLW Chart Discussion
I like this setup that Corning Inc (GLW) is putting together. The stock isn’t in the hottest of industry’s right now, but the technicals look nice for a short term play. After trading over 65 million shares just last week and surging to nearly $21, the stock has started to fall back naturally on lower than average volume. What I want to see is the stock move to the black box and line I have drawn, as it should receive support in here. Buying at $20 I would look for a move to about $21.90, and setup for an RR of 4-5.
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Corning (NYSE:GLW): Stock of the Day
(Investment U, 4/9/09)
The Dressing, The Dog and The Herd
(Margin of Safety, 1/2/07)
Buy, Sell or Hold: Corning is About to Profit From the Global Broadband Arms Race
(Money Morning, 5/11/09)