GLW closes higher for the 3rd day in a row
Corning Inc. (GLW) Technical Analysis Report for Sep 14, 2018
Moving higher for the 3rd day in a row, GLW finished the week 5.03% higher at 35.27 after gaining $0.21 (0.6%) today on high volume. Today's closing price of 35.27 marks the highest close since February 15, 2001. Trading $0.40 higher after the open, Corning Inc. was unable to hold its gains as the bears took control ending the day below its opening price. Closing above Thursday's high at 35.10, the share confirms its breakout through the prior session's high having traded $0.90 above it intraday.
Friday's trading range was $0.80 (2.25%), that's far above last trading month's daily average range of $0.46. Weekly volatility is also higher, being way above the markets average with the monthly volatility being above average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being slightly bearish.
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