GLW is still in my buy zone. Looking for GLW to trade towards upper part of this downward channel and possibly breakout of the channel to the upside around earnings. 7/25/2012
Comments
lucky_human_foot
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Followed.
charttrader
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Are there any fundamental reasons for the up trend?
Barker
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A few but primarily I'm looking at a stock that has rising stochastics on the daily and weekly time frames. GLW has tested this downward channel 3 times now and IMO is ready to breakout. As for the fundamental reasons. One of GLW's Directors has acquired over 1.9M worth of GLW in the open market. (Gordon Gund). Plus their Gorilla Glass line has been expanding into larger devises. As I'm sure you know Apple requires it's supplies to sign NDA's (non-disclosure agreements). Anyway, I think this one of the better times to enter into the GLW trade. In all honesty I will probably sell prior to earnings as I rarely hold into earnings. To me it's just not worth the risk.