[May 23, 2013] Watch for Shares of Corning (GLW) to Approach Support at $15.24 Tweet May 23, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of Corning (NYSE:GLW) have bearishly opened below the pivot of $15.93 today and have reached the first support level of $15.52. Investors may be interested in a cross of the next downside pivot targets of $15.24 and $14.55. Corning share prices have moved between a 52-week high of $16.43 and a 52-week low of $10.62 and are now trading 46% above that low price at $15.54 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has risen 0.6%. Corning (NYSE:GLW) has potential upside of 0.9% based on a current price of $15.54 and analysts' consensus price target of $15.68. Corning shares have support at the 50-day moving average (MA) of $13.93 and additional support at the 200-day MA of $12.74. SmarTrend recommended that subscribers consider buying shares of Corning on November 27th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $12.17. Since that recommendation, shares of Corning have risen 29.9%. We continue to monitor GLW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]