• Return to Headlines

Corning (GLW) Approaches New Upside Target of $29.76

By Nick Russo

Shares of Corning (NYSE:GLW) opened today above their pivot of $29.32 and have already reached the first level of resistance at $29.58. Should the shares continue to rise, the resistance pivots of $29.76 and $30.20 will be of interest.

Corning share prices have moved between a 52-week high of $29.90 and the current low of $0.00 and are currently at $0.00 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

There is potential upside of 0.0% for shares of Corning based on a current price of $0.00 and an average consensus analyst price target of $27.00. The stock should run into initial resistance at its 200-day moving average (MA) of $18.38 and subsequent resistance at its 50-day MA of $19.85.

SmarTrend recommended that subscribers consider buying shares of Corning 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 have risen 4.0%. We continue to monitor GLW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts Corning

Ticker(s): GLW