Long Position on OLED @ $149.00 on 11/3/2017 (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 major TV and computer makers such  as Samsung, LG Display,  Pioneer Corporation; , Konica-Minolta, Philips Technologic ; Sumitomo Chemical ; Sony Corporation.

Shares are heading higher in a bullish "cup and handle" and higher shre prices are expected for this stock. Shares are on the cusp of breaking out of this formation.

 

52-Weeks Trading Range: $50.55 to $149.85

Entry Point: $149.00

Stop Loss: $141.00

Target Pirce: $163.90

Updates

11/7/2017 9:32:51 AM

OLED closed at $164.00

Position closed on 11/7/2017 at price of $164.00 with a 10.07% gain in 4 days.

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