GLW looks like a very interesting investment here and closed right above the upward sloping trendline. The fundamentals look bright. From watching Cramer’s thought on GLW, China’s stimulus plan includes coupons for designated appliances. Thus, the money spent will go directly to electronics industries like GE, Corning, Whirlpool and Best Buy.
Technically
Charts look great so far but is facing a fair amount of resistance around the $16.30 level. Will look for confirmation if the tech sell off is going to continue next week. Otherwise it looks good…
Source: Thestreet.com
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