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Next Support Level for Corning Inc (GLW) is $30.16

By Shiri Gupta

Shares of Corning Inc (NYSE:GLW) opened today below their pivot of $30.67 and have already reached the first level of support at $30.33. Investors may be interested in a cross of the next downside pivot targets of $30.16 and $29.65.

There is potential upside of 9.6% for shares of Corning Inc based on a current price of $30.24 and an average consensus analyst price target of $33.14. Corning Inc shares should first meet resistance at the 200-day moving average (MA) of $32.78 and find additional resistance at the 50-day MA of $33.39.

In the past 52 weeks, shares of Corning Inc have traded between a low of $26.23 and a high of $36.56 and are now at $30.24, which is 15% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 1.1%.

SmarTrend is tracking the current trend status for Corning Inc and will alert subscribers who have GLW in their portfolio or watchlist when shares have changed trend direction.

Keywords: pivot alerts corning inc

Ticker(s): GLW