Stock Investors Sell Off Shares of LG Display, Down 1.6%

Published on Wed, 06/12/2013 - 13:18
By Peter Chu in Market movers, LPL, lg display, market movers, nyse:lpl

One of today's stocks on the move is LG Display (NYSE:LPL), down 1.6% to $13.57. The S&P is currently trading 0.5% lower to 1,619 and the Dow Jones Industrial Average is trading 0.4% lower to 15,060.

LG Display Company Ltd. develops and manufactures digital display products. The Company's products include thin film transistor-liquid crystal displays (TFT-LCD) for notebook and desktop computer monitors, TVs, and mobile phones. LG Display provides its products to overseas and domestic markets.

Potential upside of 4.6% exists for LG Display, based on a current level of $13.57 and analysts' average consensus price target of $14.19. The stock should find initial resistance at its 50-day moving average (MA) of $13.64 and further resistance at its 200-day MA of $13.84.

Over the past year, LG Display has traded in a range of $9.00 to $16.80 and is now at $13.57, 51% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has risen 0.2%.

By Peter Chu
pchu@fnno.com

Latest News from FNNO

Recent 52-Week High Exceeded in Shares o...

Wyndham Worldwide (NYSE:WYN) traded at a new 52-week high today of $78.98. So far toda ...

Whiting Petroleum Looks to Continue to T...

Shares of Whiting Petroleum (NYSE:WLL) traded today at $91.00, breaking its 52-week hig ...

Weatherford International: 52-Week High ...

Weatherford International (NYSE:WFT) traded at a new 52-week high today of $24.88. So ...

Watch for Continued Gains in Shares of W...

Shares of Wabtec (NYSE:WAB) traded today at $85.18, breaking its 52-week high. This ne ...

Watch for Continued Gains in Shares of V...

Shares of Vanguard Natural Resources (NYSE:VNR) traded today at $33.04, breaking its 52 ...

VASCO Data Security International: The W...

VASCO Data Security International (NASDAQ:VDSI) traded at a new 52-week high today of $ ...

Shares of Universal Health Services Have...

Shares of Universal Health Services (NYSE:UHS) traded at a new 52-week high today of $9 ...

Shares of UDR Have Risen Above Previous ...

Shares of UDR (NYSE:UDR) traded today at $28.95, breaking its 52-week high. So far tod ...