Long Position on OLED @ $46.60 on 4/2/2015 (Momentum)

Bullish Cup & Handle on OLEDUniversal Display Corporation (OLED) engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in flat panel displays and solid-state lighting applications.

It owns, exclusively licenses, or has the sole right to sublicense approximately 3,500 patents issued and pending worldwide. The company licenses and supplies its proprietary UniversalPHOLED phosphorescent OLED technologies and materials to display manufacturers and others.

It is also involved in the research, development, and commercialization of other OLED device and manufacturing technologies, including FOLED that are flexible OLEDs for the fabrication of OLEDs on flexible substrates; encapsulation technology for the packaging of flexible OLEDs and other thin-film devices, as well as for use as a barrier film for plastic substrates; UniversalP2OLED, which are printable phosphorescent OLEDs; OVJP, an organic vapor jet printing technology; OVPD, an organic vapor phase deposition for manufacturing a small molecule OLED; and TOLED, which are transparent OLEDs for the fabrication of OLEDs that have transparent cathodes.

In addition, the company provides technology development and support services, including government contract work and support provided to third parties for the commercialization of their OLED products.

It has strategic relationships with Samsung Display Co., Ltd.; LG Display Co., Ltd.; Tohoku Pioneer Corporation; Konica Minolta Holdings Inc.; AU Optronics Corporation; Innolux Corporation; Kaneka Corporation; Philips Technologic GmbH; Sumitomo Chemical Co., Ltd.; Sony Corporation; Lumiotec, Inc.; LG Chem, Ltd.; NEC Lighting, Ltd.; BOE Technology Group Co., Ltd.; and OLEDWorks L.L.C.

Shares have formed a bullish "cup & handle" and higher share prices are expected for this stock.

52-Week Trading Range: $22.69 - $47.88

Entry Point: $46.60

Stop Loss: $44.25

Target Price: $51.25

Updates

5/4/2015 2:01:57 PM

OLED has been in the portfolito for more than 30 days. We are holding on to the position into the earnings on May 7th!

5/8/2015 10:25:30 AM

OLED closed at $51.30 following its strong report.

Position closed on 5/8/2015 at price of $51.30 with a 10.09% gain in 36 days.

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