Universal Display Corporation (OLED) Shares are Up 6.95%

Universal Display Corporation (OLED) : Traders are bullish on Universal Display Corporation (OLED) as it has outperformed the S&P 500 by a wide margin of 1.62% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.38%, relative to the S&P 500. The stock has risen by 6.95% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.43% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 4.92% and the 50-Day Moving Average is 3.22%.The 200 Day SMA reached 7.92% Universal Display Corp. has dropped 10.02% during the last 3-month period . Year-to-Date the stock performance stands at 13.94%.


Universal Display Corporation (OLED) : The highest short term price target forecast on Universal Display Corporation (OLED) is $75 and the lowest target price is $51. A total of 4 equity analysts are currently covering the company. The average price of all the analysts is $62.5 with a standard deviation of $11.36.

For the current week, the company shares have a recommendation consensus of Buy. Universal Display Corporation (NASDAQ:OLED): The stock opened at $59.75 and touched an intraday high of $62.5732 on Friday. During the day, the stock corrected to an intraday low of $59.55, however, the bulls stepped in and pushed the price higher to close in the green at $62.03 with a gain of 3.63% for the day. The total traded volume for the day was 963,106. The stock had closed at $62.03 in the previous trading session.

Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in displays for wearables, smartphones, tablets and televisions, as well as solid-state lighting applications. The Companys flat panel displays are used for a variety of portable consumer electronics products, such as cell phones, portable media devices, digital cameras, tablets and laptop computers. The Company also supplies its OLED materials to manufacturers of OLED displays and lighting products for evaluation and for use in product development and for pre-commercial activities and it provides technical assistance and support to these manufacturers. Its customers include LG Display, Tohoku Pioneer and Konica Minolta, among others.

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