Corning Near Key Support Zone
Early Tuesday I read with interest David Katz's column regarding Corning's (GLW) compelling value. I have a small position in the stock and have been looking for an opportunity to add.
GLW had been performing quite well since its spike low on Aug. 1, but a vicious break last Wednesday ended the 12-week rally. A disappointing outlook from management sparked a 9.5% flush on extremely heavy trade. GLW dropped another 2.75% by Friday's settle leaving over 15% below the previous week's highs. This steep drop has pushed shares down to a key support zone. At this point the technicals, along with David's value analysis, are beginning to align....316 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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