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Corning Inc: The Winning Streak Continues (GLW)

By Nick Russo

Shares of Corning Inc (NYSE:GLW) traded today at $31.23, breaking its 52-week high. Approximately 701,000 shares have changed hands today, as compared to an average 30-day volume of 9.4 million shares.

In the past 52 weeks, Corning Inc share prices have been bracketed by a low of $18.88 and a high of $31.23 and are now at $31.18, 65% 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.

Corning Incorporated is a global technology-based company. The Company produces optical fiber, cable, and photonic components for the telecommunications industry, as well as manufactures glass panels, funnels, liquid crystal display glass, and projection video lens assemblies for the information display industry.

Corning Inc (NYSE:GLW) is currently priced 3.0% above its average consensus analyst price target of $30.23. The stock should discover initial support at its 50-day moving average (MA) of $19.85 and subsequent support at its 200-day MA of $18.38.

SmarTrend recommended that subscribers consider buying shares of Corning Inc on April 25th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $28.29. Since that recommendation, shares of Corning Inc have risen 9.8%. We continue to monitor GLW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows corning inc

Ticker(s): GLW