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Bearish Moving Average Cross by Corning Inc (GLW)

By James Quinn

Today, shares of Corning Inc (NYSE:GLW) have crossed bearishly below their 10-day moving average of $33.11 on a volume of 692K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Corning Inc share prices have been bracketed by a low of $27.67 and a high of $36.56 and are now at $32.76, 18% above that low price. The 200-day and 50-day moving averages have moved 0.11% lower and 0.24% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Corning Inc on June 18th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.17. Since that recommendation, shares of Corning Inc have risen 3.5%. We continue to monitor GLW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses corning inc

Ticker(s): GLW