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Corning Inc Crosses Below its 10-day MA (GLW)

By David Diaz

Corning Inc (NYSE:GLW) shares have crossed bearishly below their 10-day moving average of $32.98 on a volume of 774K 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, shares of Corning Inc have traded between a low of $26.11 and a high of $35.10 and are now at $32.81, which is 26% above that low price. The 200-day and 50-day moving averages have moved 0.21% higher and 1.71% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Corning Inc on June 6th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $28.69. Since that recommendation, shares of Corning Inc have risen 15.3%. 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