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.
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