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Universal Displa Crosses Above its 10-day MA (OLED)

By James Quinn

Today, shares of Universal Displa (NASDAQ:OLED) have crossed bullishly above their 10-day moving average of $102.15 on a volume of 1.7 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Universal Displa has traded in a range of $78.75 to $209.00 and is now at $115.60, 47% above that low. The 200-day and 50-day moving averages have moved 0.51% lower and 0.25% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Universal Displa on July 13th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $94.48. Since that recommendation, shares of Universal Displa have risen 7.1%. We continue to monitor OLED for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses universal displa

Ticker(s): OLED