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Shares of Corning Inc Rise Above Previous 52-Week High

By Amy Schwartz

Corning Inc (NYSE:GLW) traded today at a new 52-week high of $35.83. Approximately 1.9 million shares have changed hands today, as compared to an average 30-day volume of 4.1 million shares.

Corning Inc (NYSE:GLW) defies analysts with a current price ($35.80) 7.4% above its average consensus price target of $33.14. The stock should discover initial support at its 50-day moving average (MA) of $32.02 and subsequent support at its 200-day MA of $30.23.

In the past 52 weeks, Corning Inc share prices have been bracketed by a low of $26.11 and a high of $35.83 and are now at $35.80, 37% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.7%.

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.

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 22.2%. 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