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Jan. 25, 2021, 8:13 p.m. EST

How to trade Corning $GLW With Risk Controls

Jan 25, 2021 (Stock Traders Daily via COMTEX) -- The Corning (NYS:GLW) report below can help you, but we have more details too. The trading plans for GLW, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports .

Technical Summary

Bias Strong Neutral Strong
P1 0 0 33.12
P2 37.54 37.99 37.21
P3 38.22 38.98 41.06

The Technical Summary and Trading Plans for GLW help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this GLW Report.

The technical summary data tells us to buy GLW near 37.21 with an upside target of 41.06. This data also tells us to set a stop loss @ 37.1 to protect against excessive loss in case the stock begins to move against the trade. 37.21 is the first level of support below 38.46 , and by rule, any test of support is a buy signal. In this case, support 37.21 is being tested, a buy signal would exist.

The technical summary data is suggesting a short of GLW as it gets near 41.06 with a downside target of 37.21. We should have a stop loss in place at 41.18though. 41.06 is the first level of resistance above 38.46, and by rule, any test of resistance is a short signal. In this case, if resistance 41.06 is being tested, a short signal would exist.

COMTEX_379483640/2570/2021-01-25T20:12:56

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