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Corning Bullish Moving Average Crossover Alert (GLW)

By Nick Russo

Today, shares of Corning (NYSE:GLW) have crossed bullishly above their 10-day moving average of $23.61 on a volume of 2.0 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Corning share prices have been bracketed by a low of $15.42 and a high of $23.96 and are now at $23.76, 54% above that low price. The 200-day and 50-day moving averages have moved 0.06% lower and 0.07% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Corning on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $21.30. Since that recommendation, shares of Corning have risen 10.0%. We continue to monitor GLW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Corning

Ticker(s): GLW