Monday, March 19, 2018 3:29:05 PM
Shares of Universal Display Corporation (OLED) collapsed sharply today after reports hit that Apple (AAPL) was producing a MicroLED screen versus the OLED screen. The difference is, Organic Light Emitting Diode (OLED), which Universal Display Corp makes, versus the new MicroLED technology. However, considering Universal Display Corp. has fallen from over $200 per share in January 2018 to its current $107.00, big money already knew this and was unloading. It always works this way. Big money gets the news first and dumps. At the very end, average investors get the news and they dump, usually at the dead bottom. I believe Universal Dislpay Corp is at the bottom, at least for a near-term, strong, swing trade bounce. Note the support trend line in the chart below and the mega oversold nature of the chart. There is huge support here and a likely bounce back to $125 will occur.
Gareth Soloway
InTheMoneyStocks
Recent OLED News
- 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
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:00:21 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 09:00:21 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/29/2024 09:00:23 PM
- Universal Display Corporation Announces Participation at Upcoming Conferences • Business Wire • 02/27/2024 09:15:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/27/2024 03:56:28 PM
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ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
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