Corning (GLW) Under Pressure. Bounce Levels Approaching

The morning the leading glass and ceramics manufacturer Corning Inc. (NYSE:GLW) is trading lower by 0.35 cents to $21.81 a share. The stock has been pulling back for about a week now. There will be short term intra-day support for GLW around the $21.60 level. This is an area where scalp traders can look for a quick bounce in the stock.

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Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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