On Friday, Corning hit a noteworthy performance benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 81, up from 78 the day before.
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This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners typically have an RS Rating of at least 80 as they begin their biggest price moves.
Corning is trying to complete a double bottom with a 50.06 buy point. See if the stock can clear the breakout price in volume at least 40% above average.
Corning showed 42% EPS growth in its most recent report. Sales gains came in at 16%.
Corning 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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