Corning Incorporated(GLW) has rising momentum with an uptrend

(28-Feb-2008) (28-Feb-2008) Corning Incorporated(GLW) closed at 24.09, down -0.13 or -0.54 % today. Based on our analysis, Corning Incorporated(GLW) has rising momentum with an uptrend.

The closing price of Corning Incorporated(GLW) is above its 50 day moving average of 23.29 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Corning Incorporated(GLW) is gaining momentum. An uptrend with with rising momentum is a good omen for the stock. The MACD histogram crossed above the signal line on 25-Feb-2008, about 4 trading days ago.