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Upgrade Alert for LG Display (LPL)

By David Diaz

LG Display (NYSE:LPL) was upgraded from Reduce to Neutral at Nomura today. The stock closed yesterday at $10.81 on volume of 381,000 shares, below average daily volume of 528,000.

LG Display Company Ltd. develops and manufactures digital display products. The Company's products include thin film transistor-liquid crystal displays (TFT-LCD) for notebook and desktop computer monitors, TVs, and mobile phones. LG Display provides its products to overseas and domestic markets.

LG Display has overhead space with shares priced $10.81, or 0.4% below the average consensus analyst price target of $10.85. The stock should discover initial support at its 50-day moving average (MA) of $10.80 and subsequent support at its 200-day MA of $10.00.

Over the past year, LG Display has traded in a range of $8.20 to $14.13 and closed yesterday at $10.81, 32% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

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

Keywords: analyst upgrades/downgrades lg display

Ticker(s): LPL