Removed Ideas

Follow-Up Comments

DWA Spotlight Stock

GLW Corning Incorporated R ($29.28) - Telephone - Shares of GLW were a prominent player in the original Tech bubble (and burst) in the late-90s, and has returned to form during a general re-flation of the Tech sector in recent times. This month the stock returned to its highest prices since 2001 as it very nearly printed $30. While having been generally out of favor for much of the past 17 years, this stock improved to an attribute rating of 3 last year and with a new RS buy signal in April the stock now carries an attribute rating of 5. GLW now ranks well within the Top 10 of the Telecom sector matrix, showing good standing on the Peer RS front as well. The default trend chart shows a substantial breakout as the stock moved thru the mid-20s and the 1/2 pt and 1/4 pt charts provide more sensitivity with which to begin mapping out a new long position. We will use the high-20s to accumulate GLW, and will use stops of $26 for traders (sell signal on 1/2 pt chart), and $24 for investors (negative trend change on the 1/4 pt chart). We will use a price objective of $36 based upon the vertical count on the 1/4 pt chart.