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Bullish Moving Average Cross by LG Display (LPL)

By Amy Schwartz

LG Display (NYSE:LPL) shares have crossed bullishly above their 10-day moving average of $13.88 on a volume of 118K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of LG Display have traded between a low of $8.20 and a high of $14.19 and are now at $14.12, which is 72% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of LG Display on June 30th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.50. Since that recommendation, shares of LG Display have risen 19.7%. We continue to monitor LPL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses lg display

Ticker(s): LPL