[June 17, 2013] Watch for Corning to Potentially Pullback After Gaining 1.27% Yesterday Tweet Jun 17, 2013 (SmarTrend(R) News Watch via COMTEX) -- Corning (NYSE:GLW) traded in a range yesterday that spanned from a low of $14.98 to a high of $15.21. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $15.18 on volume of 7.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious. Over the past year, Corning has traded in a range of $10.62 to $16.43 and is now at $15.11, 42% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.2%. 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 22.6%. 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 ]