Corning (GLW) Offering Possible 5.26% Return Over the Next 22 Calendar Days

Corning's most recent trend suggests a bullish bias. One trading opportunity on Corning is a Bull Put Spread using a strike $23.00 short put and a strike $18.00 long put offers a potential 5.26% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $23.00 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock dropped below the $18.00 long put strike price.

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

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

The RSI indicator is at 72.2 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Corning

Dow Corning to shut Tennessee plant, reduces lawsuit payout fund
Wed, 17 Dec 2014 23:19:23 GMT
Reuters – Dow Corning has decided to shut its semiconductor plant in Tennessee, calling it economically inviable, and reduce by about $1.3 billion its contribution to a fund to pay out claims arising from lawsuits …

CORNING INC /NY Files SEC form 8-K, Other Events
Wed, 17 Dec 2014 21:32:12 GMT

2014-12-15 – Corning Incorporated to Acquire TR Manufacturing, Inc.
Mon, 15 Dec 2014 14:06:55 GMT
noodls – Corning Incorporated to Acquire TR Manufacturing, Inc. CORNING, N.Y., December 15, 2014 – Corning Incorporated (NYSE: GLW) announced today that it has reached an agreement to acquire TR Manufacturing, …

Corning Incorporated to Acquire TR Manufacturing, Inc.
Mon, 15 Dec 2014 13:31:01 GMT
Thomson Reuters ONE – CORNING, N.Y. – Corning Incorporated (NYSE: GLW) announced today that it has reached an agreement to acquire TR Manufacturing, Inc. The terms of the agreement were not released. The acquisition is expected …

Corning Teams Up with Samsung for New Galaxy ALPHA
Wed, 10 Dec 2014 20:15:02 GMT

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