Corning Incorporated(GLW) is in an downtrend

(25-Jan-2008) (25-Jan-2008) Corning Incorporated(GLW) closed at 22.37, up 0.17 or 0.77 % for the day. Based on our analysis, Corning Incorporated(GLW) is in an downtrend.

The closing price of Corning Incorporated(GLW) is below its 50 day moving average of 23.42 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Corning Incorporated(GLW) is losing momentum. The loss of momentum in a downtrend confirms that the downtrend is intact. The MACD histogram crossed below the signal line on 17-Dec-2007, about 28 trading days ago.