The price of Universal Display shares has climbed to $29.51 (a 6.1% change) on heavy trading volume. About 1.2 million shares have been traded today, as compared to the 30-day average volume of 938,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.
Potential upside of 1.7% exists for Universal Display, based on a current level of $29.51 and analysts' average consensus price target of $30.00. The stock should hit resistance at its 200-day moving average (MA) of $32.58, as well as support at its 50-day MA of $25.77.
Over the past year, Universal Display has traded in a range of $21.55 to $48.07 and is now at $29.51, 37% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% 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.
