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Watch for Shares of Corning Inc (GLW) to Approach Resistance at $35.81

By Amy Schwartz

Corning Inc (NYSE:GLW) has opened bullishly above the pivot of $34.72 today and has reached the first level of resistance at $35.44. Should the shares continue to rise, the resistance pivots of $35.81 and $36.90 will be of interest.

Corning Inc share prices have moved between a 52-week high of $35.10 and the current low of $0.00 and are currently at $0.00 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has remained constant.

Corning Inc has overhead space with shares priced $0.00, or 100.0% below the average consensus analyst price target of $33.14. Corning Inc shares should first meet resistance at the 200-day moving average (MA) of $30.23 and find additional resistance at the 50-day MA of $32.02.

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: pivot alerts corning inc

Ticker(s): GLW