Trade-Ideas: Universal Display (OLED) Is Today's

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Universal Display ( OLED) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Universal Display as such a stock due to the following factors:

  • OLED has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $33.3 million.
  • OLED has traded 91,533 shares today.
  • OLED is up 3.1% today.
  • OLED was down 7.2% yesterday.

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More details on OLED:

Universal Display Corporation is engaged 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. OLED has a PE ratio of 19.9. Currently there are 4 analysts that rate Universal Display a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for Universal Display has been 614,400 shares per day over the past 30 days. Universal Display has a market cap of $1.7 billion and is part of the technology sector and computer hardware industry. The stock has a beta of 1.21 and a short float of 30% with 9.10 days to cover. Shares are up 1% year-to-date as of the close of trading on Tuesday.

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