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Watch for Universal Displa to Potentially Pullback After Gaining 1.28% Yesterday

By Nick Russo

Universal Displa (NASDAQ:OLED) traded in a range yesterday that spanned from a low of $93.10 to a high of $95.85. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $93.85 on volume of 480,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Universal Displa share prices have moved between a 52-week high of $209.00 and a 52-week low of $78.75 and are now trading 20% above that low price at $94.80 per share. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 0.2%.

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: rebounders universal displa

Ticker(s): OLED