TVs aren’t the hot status item they were years ago, but we all still have them.
And companies are still providing the parts for them.
OLED (Universal Display Corp.) is one of those companies. It basically makes the parts that make the lighting on our flat-screen TVs.
While the sector hasn’t been setting anything on fire, OLED is surging toward a possible breakout.
Here’s the chart:
If it breaks above $194.84, it could make a nice move.
We’ll keep an eye on it.
Happy trading,
— Scott Welsh
P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The chart above uses weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45.
