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Universal Displa Trading Higher Today on Above-Average Volume, Consistent With Trend (OLED)

By James Quinn

Shares of Universal Displa are trading today in above average volume, with the share price rising 13.6% to $114.93. Approximately 1.7 million shares have changed hands today vs. average 30-day volume of 838,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

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.

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. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 0.2%.

Keywords: unusual volume universal displa

Ticker(s): OLED