October 13, 2015

GLW: Corning technical analysis charts

On Monday, compared to Friday, price action opened higher (17.55, vs Friday’s

close of 17.52), saw a lower high (17.56, vs Friday’s high of 18.04) and lower low

(17.19, vs Friday’s low of 17.51); and closed lower (17.26, vs Friday’s close of

17.52). The day’s range was 37 ticks.

On the 20-DAY MOVING AVERAGE ENVELOPE CHART below, price action fell away

from the bottom of the 20 day moving average envelope (17.28). The parameters

of the envelope (16.76-17.80) are pointing lower.

The RSI (47.95) below is in neutral mode between the key 20 (oversold) and 80

(overbought) levels.

October 13, 2015

The MACD 12 day moving average is above the MACD 26 day moving average;

both are above zero.

The Slow Stochastics, below, are in positive mode, with the K line above the D

line.

The Commodity Channel Index (5.36), below, is in positive mode above the

oversold -200 level.

On the DAILY BOLLINGER BANDS CHART below, Monday represents the 4th

consecutive entire day below the middle of the Bollinger Band envelope (17.28),

in negative mode towards the middle of the envelope The Bollinger Bands (16.27-

18.30) are converging; and narrowed from a width of 221 ticks on Friday to a

width of 203 ticks on Monday.

October 13, 2015

On the 5 AND 20 DAY MOVING AVERAGES CHART below, the 5 day moving

average (17.68, moving down) is above the 20 day moving average (17.28, moving

down), in positive mode. The 3-50 day strip of moving averages ranges from the

40 day moving average (17.26) at the bottom of the range to the 5 day moving

average (17.68) at the top of the range.

The Parabolic Stop and Reverse (16.92) below is in the 8th day of buy mode.

October 13, 2015

On the WEEKLY BOLLINGER BANDS CHART below, last week represents the 8th

consecutive close below the middle of the Bollinger Bands envelope (18.45). The

Bollinger Bands (15.69-21.21) are pointing lower; contracting from a width of 581

ticks on Friday to a width of 552 ticks on Monday.