On Wednesday, Corning got a positive adjustment to its Relative Strength (RS) Rating, from 84 to 91.
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This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the best stocks tend to have an 80 or better RS Rating in the early stages of their moves.
Corning is now considered extended and out of buy range after clearing a 55.33 buy point in a first-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings growth slowed in the most recent quarter from 42% to 28%. But sales moved higher, from 16% to 19%.
The company earns the No. 1 rank among its peers in the Electronics-Miscellaneous Products industry group. InterDigital and Trimble are also among the group's highest-rated stocks.
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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