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Monday, 02/26/2018 11:16:59 AM

Monday, February 26, 2018 11:16:59 AM

Post# of 72
Know This Trade Level For Universal Display Corp

Universal Display Corp (OLED:NASDAQ) is a leader in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in display and solid-state lighting applications. Last week, OLED stock dropped sharply after reporting earnings. It should be noted that the stock is now trading below its important 50 and 200-day moving averages. This technical chart setup signals near term weakness and further downside to come. Traders and investors must now look down around the $118.00 level for near term support. This support area is where the stock broke out in late August 2017. I will be keeping this stock on the radar and watching when OLED stock trades down to this bounce area.





Nicholas Santiago
InTheMoneyStocks
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