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

By James Quinn

Universal Displa (NASDAQ:OLED) crossed over its 10-day moving average of $166.37 on a volume of 1.1 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Universal Displa have traded between a low of $78.75 and a high of $188.03 and are now at $188.03, which is 139% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.0% while the 200-day MA has risen 1.1%.

SmarTrend recommended that subscribers consider buying shares of Universal Displa on January 15th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $94.95. Since that recommendation, shares of Universal Displa have risen 64.9%. 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