Corning (GLW) Price Advanced Through the 50-day Moving Average

Posted on 03/13/2012 by Ella Gold

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NEW YORK (AVAFIN) -- Shares of Corning edged higher on lighter than usual volume. The stock price closed above the 50-day moving average of $13.52 on Tuesday. As long as prices remain above the moving average key indicator, investors will view this development as a sign of strength. Additionally, today's stock price for GLW ranged between $13.61 and $13.93.

The development of support levels is probably the most noticeable and reoccurring event on price charts and can be triggered by fundamental changes or investor expectations. Based on the pivot points, the current support and resistance levels for GLW are $13.48 and $14.12 respectively.

Corning is part of the technology sector and diversified electronics industry and has market cap of 21.10B. The mean analyst rating for the stock is hold. Performance indicators show that the stock has gained 8.51% within the last week.

The Company is a provider of high-performance glass for LCD televisions, computer monitors, and other information display applications; optical fiber and cable and hardware and equipment products.

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Market Snapshot (03/13/2012)
  SPX 1377.07 5.98 0.44%
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