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Corning (GLW) and CommScope (COMM), both prominent fiber-optics companies, have demonstrated significant market outperformance, exceeding 91% of stocks tracked by Investor's Business Daily. This robust relative strength, coupled with the formation of bullish chart patterns, secured their inclusion on Tuesday's IBD Screen Of The Day list for 'Relative Strength At A New High,' signaling potential continued upward momentum.

Analysis

Corning (GLW) and CommScope (COMM) are exhibiting strong positive technical momentum, having outperformed at least 91% of stocks tracked by Investor's Business Daily. This significant outperformance has earned both fiber-optics companies a place on the IBD Screen Of The Day for achieving new highs in their Relative Strength (RS) lines. The bullish case is further supported by the formation of positive chart patterns for both stocks. These indicators, highlighted by a publication known for its focus on growth and technical analysis, suggest that both GLW and COMM are currently in favor among momentum-oriented market participants, signaling potential for continued price appreciation based on these technical factors.

Key Decisions for Investors

• Investors with a momentum-based strategy should view the new highs in relative strength and the bullish chart patterns for Corning (GLW) and CommScope (COMM) as strong positive technical indicators.
• Given that the analysis is based purely on technical signals, it is prudent to supplement this information with fundamental analysis of each company's earnings, valuation, and industry outlook before initiating or adding to a position.
• Traders should closely monitor the relative strength lines of GLW and COMM for signs of continuation or reversal, as the bullish thesis is contingent on this outperformance being sustained.