Thursday, October 05, 2017 1:47:57 PM
Shares of Universal Display Corporation (NASDAQ:OLED) have one of the tightest, nastiest bear flag formations I have seen. There are high odds of this stock taking a major leg lower in the coming weeks. The first target is $108 and the second target is $90. The key here is the recent news from just days ago that many Asian companies are over-producing OLED displays. Asia and specifically China have a history of overproducing things and dumping them on the overall market, killing margins. This has happened with commodities like steel as well as solar panels. If true, this will hurt Universal Display Corporation's margins in a major way. The bear flag on the stock chart likely confirms the stock is heading sharply lower in the coming weeks.
Gareth Soloway
InTheMoneyStocks
Recent OLED News
- Universal Display Corporation to Exhibit and Present at SID Display Week 2024 • Business Wire • 05/09/2024 08:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/09/2024 08:00:17 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/09/2024 08:00:12 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/08/2024 06:28:09 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/07/2024 06:25:20 PM
- Universal Display Corporation Announces Quarterly Cash Dividend of $0.40 per Share • Business Wire • 05/02/2024 08:06:00 PM
- Universal Display Corporation Announces First Quarter 2024 Financial Results • Business Wire • 05/02/2024 08:05:00 PM
- Universal Display Corporation Receives 2024 Outstanding Strategic Partner Award from BOE • Business Wire • 04/17/2024 08:15:00 PM
- Universal Display Corporation Announces First Quarter 2024 Conference Call • Business Wire • 04/15/2024 08:15:00 PM
- Universal Display Corporation’s Dr. Julie Brown to Receive Prestigious USC Viterbi Engineering Award • Business Wire • 04/11/2024 08:15:00 PM
- Universal Display Corporation to Deliver Keynote Address and Sponsor ICDT 2024 • Business Wire • 03/28/2024 08:15:00 PM
- Universal Display Corporation Announces University Lecture Series and Participation and Sponsorship of OLED Korea Conference • Business Wire • 03/27/2024 08:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 08:00:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 08:00:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 08:00:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 08:00:08 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 08:00:06 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 09:15:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/07/2024 09:10:10 PM
- Universal Display Corporation Announces the Appointment of New Board Members • Business Wire • 03/07/2024 09:05:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:00:37 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:00:33 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:00:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:00:25 PM
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