The Relative Strength (RS) Rating for Corning entered a new percentile Tuesday, with a rise from 77 to 81.
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IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
Over 100 years of market history reveals that the market's biggest winners often have an RS Rating of above 80 in the early stages of their moves.
Corning is building a consolidation with a 55.33 buy point. See if it can break out in volume at least 40% above average.
Corning posted 42% EPS growth in its most recent report, while sales growth came in at 16%. The next quarterly numbers are expected on or around Jul. 29.
The company earns the No. 2 rank among its peers in the Electronics-Miscellaneous Products industry group. InterDigital is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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