Universal Display: Room to Grow

I have enjoyed following OLED, but I've been holding off on an buying opportunity for the stock to either begin to rally again or to become a little cheaper. This stock has weathered all of the hard down days in Q1, so it's the rally I'm seeing now. They're an interesting company because they're grouped with semiconductors but tend to resemble business aspects of the computer and consumer electronics assembly industries. OLED is one of the leading flat display technologies, and I anticipate that demand for their products will increase as their partnership with Samsung and other telephone and embedded display deals will continue to drive their revenues upward.

RSI is high and the stock is pricy from bumping up on the top Bollinger band as well as setting new 52-wk average highs, but I think it can go higher and the widening Bollinger band range and strong ADX trendedness is a strong indication that the current trend has yet to run out of steam. Financials are strong, and it looks like money is flowing in indicating that other investors are anticipating a strong earnings report at the end of this month. MACD is just starting to break bullish again,

Comment:

This one didn't immediately go the way I anticipated, but they will rally hard if they report strong on earnings later this week.