Corning Stock Signal Hints at Upside Potential Amid Breather

GLW is averaging a 4.74% gain from this level, one month later

Assistant Editor

Jul 15, 2026 at 3:00 PM

Corning Inc (NYSE:GLW) stock is down 7.8% at $172.92 this afternoon, part of its larger drawdown from its June 30 record peak of $271.38. Its no surprise the tech concern has fallen 36.4% since tapping its record. However, all is not lost, as the shares near a trendline with historically bullish implications.

According to Schaeffer's Senior Quantitative Analyst Rocky White, GLW is trading within 0.75 times the 80-day moving average's 20-day average true range (ATR), after spending at least 80% of the previous two weeks and 80% of the prior 42 trading sessions above that trendline.

This setup has appeared 19 times over the last decade, after which the stock was higher one month later 72% of the time, averaging a 4.74% gain. A similar move from the stock's current perch would put the shares at $181.12.

glw-pb

It's worth noting shorts have been retreating, with short interest down 13.7% during the most recent reporting period. This accounts for 2.6% of the stock's available float, or less than two days' worth of pent-up buying power.

Follow @Schaeffers

The $25K Day Trading Barrier is Gone

The long-standing Pattern Day Trader (PDT) rule that required many traders to maintain a $25,000 account balance is no longer standing in the way.

That means more traders can actively pursue short-term opportunities without the barrier that kept so many on the sidelines.

Now it's all about having the right strategy.

Dynamite Day Trading Signals helps you hit the ground running with up 2 options trade alerts per week, built to capture fast-moving opportunities.

👉 Sign up now to receive the next trade