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Universal Display Makes a Move: Down 1.7%

Published on Thu, 03/14/2013 - 12:36
By Mallory Stone

Universal Display (NASDAQ:PANL) is a company whose shares are active, trading 1.7% lower to $31.92. The Dow Jones Industrial Average is now trading 0.4% higher to 14,518 and the S&P is trading 0.4% higher to 1,561.

Universal Display (NASDAQ:PANL) is currently priced 11.4% above its average consensus analyst price target of $28.29. The stock should discover initial support at its 200-day moving average (MA) of $31.86 and subsequent support at its 50-day MA of $29.89.

Over the past year, Universal Display has traded in a range of $21.55 to $45.70 and is now at $31.92, 48% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.6%.

Universal Display Corporation is a leader in developing and delivering state-of-the-art, organic light emitting device (OLED) technologies, materials and services to the display and lighting industries. Founded in 1994, the company currently owns or has exclusive, co-exclusive or sole license rights with respect to more than 1,200 issued and pending patents worldwide. Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED phosphorescent OLED technology, that can enable the development of low power and eco-friendly displays and white lighting. The company also develops and offers high-quality, state-of-the-art UniversalPHOLED materials that are recognized as key ingredients in the fabrication of OLEDs with peak performance. In addition, Universal Display delivers innovative and customized solutions to its clients and partners through technology transfer, collaborative technology development and on-site training.

By Mallory Stone
mstone@fnno.com