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Shares of Corning Receive a Boost, Up 3.9%

Post Time:Dec 06,2011Classify:Company NewsView:242

Up 3.9% to $13.74, Corning (NYSE:GLW), is one of today's notable movers. The Dow is up 1.3% to 12,172 and the S&P is currently up 1.7% to 1,266.

 

There is potential upside of 34.3% for shares of Corning based on a current price of $13.74 and an average consensus analyst price target of $18.45. The stock should run into initial resistance at its 50-day moving average (MA) of $13.84 and subsequent resistance at its 200-day MA of $17.19.

 

Corning share prices have moved between a 52-week high of $23.43 and a 52-week low of $11.51 and are now trading 19% above that low price at $13.74 per share. Over the past week, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has advanced 0.3%.

 

Corning Incorporated is a global, technology-based company. The Company produces optical fiber, cable, and photonic components for the telecommunications industry, as well as manufactures glass panels, funnels, liquid crystal display glass and projection video lens assemblies for the information display industry.

Source: www.fnno.comAuthor: shangyi

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