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

By Shiri Gupta

Universal Displa (NASDAQ:OLED) crossed under its 10-day moving average of $208.46 on a volume of 538K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Universal Displa have traded between a low of $78.78 and a high of $230.32 and are now at $194.84, which is 147% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.7% while the 50-day MA has advanced 1.3%.

SmarTrend is tracking the current trend status for Universal Displa and will alert subscribers who have OLED in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses universal displa

Ticker(s): OLED