See how the Double Bottom is playing out for GLW. View live chart.
Reversal pattern after a downtrend.
Expanding volatility. Sign of instability.
Market participants tracking Corning Inc. should note the latest formation. The stock is trading at $146.65, down 6.03% on the day. Price action has carved out a classic Double Bottom. This setup is supported by average volume turnover. A potential breakout level is identified at $271.78, targeting $397.63 with support near $208.85 (R:R 2.0).
What is your outlook on GLW?