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Shares of Universal Displa Has Risen Above Previous 52-Week High

By Nick Russo

Universal Displa (NASDAQ:OLED) traded at a new 52-week high today of $177.02. So far today approximately 1.1 million shares have been exchanged, as compared to an average 30-day volume of 575,000 shares.

Universal Display Corporation is a member of the United States Display Consortium. The Consortium is a cooperative industry and government effort aimed at developing an infrastructure to support a North American flat panel display infrastructure. The Company and its partners are developing high-resolution, full color, light weight Organic Light Emitting Diode (OLED) technology.

In the past 52 weeks, shares of Universal Displa have traded between a low of $78.75 and a high of $177.02 and are now at $177.02, which is 125% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 2.0%.

Universal Displa (NASDAQ:OLED) is currently priced 14.2% above its average consensus analyst price target of $151.83. The stock should find initial support at its 50-day moving average (MA) of $157.89 and further support at its 200-day MA of $118.68.

SmarTrend recommended that subscribers consider buying shares of Universal Displa on January 15th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $94.95. Since that recommendation, shares of Universal Displa have risen 64.9%. We continue to monitor OLED for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows universal displa

Ticker(s): OLED