Price crossed 200 ma plus this bearish triangle that may breakout soon. Good time to accumulate short position now. Price fell below 9-exponential moving average, and is about to violate 18 ema which is a good entry point for short position. If you decide to take short position make your stop loss at recent swing high $13 with target price $10
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
Although Cramer would disagree, I think GLW is a great buy at these levels. I personally have an intrinsic value/share just north of $17, and with a PE of only 7.5 / technicals looking like this, I placed my orders this week.
