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 Establishes the Sherwin I. Seligsohn Innovation Award in Organic Electronics • Business Wire • 09/18/2024 10:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/13/2024 08:00:03 PM
- Universal Display Corporation Named to Fast Company’s Best Workplaces for Innovators List in Science & Technology • Business Wire • 09/11/2024 08:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/10/2024 08:00:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/03/2024 08:00:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/30/2024 08:00:04 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/29/2024 09:43:48 PM
- Universal Display Corporation Delivers Keynote Address and Announces Recipients of the 2024 UDC Innovative Research and Pioneering Technology Awards at IMID Korea • Business Wire • 08/28/2024 08:30:00 PM
- Universal Display Corporation Announces Participation at Upcoming Conferences • Business Wire • 08/08/2024 08:15:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/01/2024 08:10:30 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/01/2024 08:08:09 PM
- Universal Display Corporation Announces Quarterly Cash Dividend of $0.40 per Share • Business Wire • 08/01/2024 08:06:00 PM
- Universal Display Corporation Announces Second Quarter 2024 Financial Results • Business Wire • 08/01/2024 08:05:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/19/2024 08:00:03 PM
- Universal Display Corporation Announces Second Quarter 2024 Conference Call • Business Wire • 07/15/2024 08:15:00 PM
- Universal Display Corporation Holds Virtual 2024 Annual Meeting of Shareholders • Business Wire • 06/20/2024 08:15:00 PM
- Universal Display Corporation to Commemorate 30th Anniversary by Ringing Nasdaq Closing Bell • Business Wire • 06/17/2024 12:30:00 PM
- Universal Display Corporation to Hold Virtual 2024 Annual Meeting of Shareholders • Business Wire • 06/06/2024 08:15:00 PM
- Universal Display Corporation Announces Participation at Upcoming Conferences • Business Wire • 05/21/2024 08:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/15/2024 08:00:08 PM
- 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
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