Corning Inc. (GLW) — This company makes specialty glass and ceramics glass substrates used primarily in notebook computers, flat panel desktop monitors and LCD televisions.
The stock bottomed in November 2008, at under $8, when a sharp sell-off that took only a few months drove the stock down from $28. Since the low, the stock has traced out a bullish channel that has found regular support at its 50-day moving average.
Now, with a new pattern of heavy accumulation in the past month, and a buy signal from its stochastic, GLW looks capable of breaking through the top of its channel and running to $26-$28.
Ford Equity Research maintains a “strong buy” on GLW, projecting that it “will strongly outperform the market over the next six to 12 months.”
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