Corning (GLW) Offering Possible 10.86% Return Over the Next 22 Calendar Days

Corning's most recent trend suggests a bearish bias. One trading opportunity on Corning is a Bear Call Spread using a strike $21.00 short call and a strike $26.00 long call offers a potential 10.86% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $21.00 by expiration. The full premium credit of $0.49 would be kept by the premium seller. The risk of $4.51 would be incurred if the stock rose above the $26.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Corning is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Corning is bearish.

The RSI indicator is at 38.83 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Corning

Most active New York Stock Exchange-traded stocks
Fri, 25 Apr 2014 17:23:18 GMT

Corning Incorporated Earnings: Can the Stock Keep Climbing?
Fri, 25 Apr 2014 15:02:04 GMT

Samsung Corning Precision Acquisition Will Drive Corning's First Quarter Revenue
Fri, 25 Apr 2014 12:43:00 GMT
Forbes – Corning's revenue will be driven by the acquisition of Samsung Corning Precision, which was completed in January 2014. We expect to see Corning's Specialty Materials revenue stabilize after having declined in 2013 due to the Gorilla Glass inventory accretion in the supply chain.

[$$] Corning Is Clearly a Buy
Thu, 24 Apr 2014 18:42:00 GMT
Barrons.com – Almost two years ago, Corning announced that its engineers had changed the basic nature of glass. At the time, the stock was trading around $12.83, and few people were much interested in Corning (GLW) or its Willow Glass, which is malleable and thin as paper. This runs counter to the general consensus that Willow Glass should benefit from the nascent wearable technology trend, just as Corning's Gorilla Glass benefited from the rise of Apple's (AAPL) iPad.

YieldBoost Corning To 5.1% Using Options
Thu, 24 Apr 2014 15:37:00 GMT

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