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Corning Inc (GLW) Breaks Through Resistance at $28.69

By James Quinn

Shares of Corning Inc (NYSE:GLW) opened today above their pivot of $28.58 and have already reached the first level of resistance at $28.69. Analysts will be watching for a cross of the next upside pivot targets of $28.79 and $29.00.

Potential upside of 0.0% exists for Corning Inc, based on a current level of $0.00 and analysts' average consensus price target of $33.14. The stock should run into initial resistance at its 50-day moving average (MA) of $27.53 and subsequent resistance at its 200-day MA of $29.99.

Over the past year, Corning Inchas traded in a range of $0.00 to $35.10 and are now at $0.00. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

SmarTrend is monitoring the recent change of momentum in Corning Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Corning Inc in search of a potential trend change.

Keywords: pivot alerts corning inc

Ticker(s): GLW