Corning Gains on Heavy Trade
Shares of Corning (GLW) are ramping today after the company's pre-open earnings report. Its above-consensus results for the first quarter sparked a powerful gap-higher open that lifted shares over 5%. The opening tick above the $14.00 level pushed the stock above very heavy resistance near the 200-day moving average.
Corning faded a bit during the initial trade, but the stock has regained its momentum and is now stabilizing at fresh April highs. Volume is running well above average at mid-afternoon, and this will likely be one of the heavier positive sessions of the year. ...388 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.
