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Corning stock coming off of a triple bottom.

Corning Coming Hard Off Of Triple Bottom

Corning stock is bouncing hard off of a triple bottom. The Twiggs Money Flow has gone positive for the first time in a long time.

Going through the PRs, I don’t really see a strong catalyst for why Corning is rallying, I just know it is.

Corning Stock Chart

Corning stock coming off of a triple bottom.

That’s pretty crazy. I’m not so arrogant to think I can call a bottom in Corning stock but the Twiggs Money Flow going positive for the first time in months looks pretty awesome.

The company’s revenue growth is 5.3% year-over-year so again, not too amazing so not sure why Corning stock is running off the triple bottom.

I don’t like the fact that the stock has so many outstanding shares that its market cap is $23.74 billion and yet the company did $10.12 billion in sales last year. I generally like companies that trade at a market cap closer to annual sales.

Without a catalyst, I’m reluctant to give Corning stock a buy rating but I’m on the fence about it because the technicals look so strong. Just wanted to make you guys aware of the awesome looking chart.

Disclosure: I do not hold any stock in GLW.