On Wednesday, Universal Display got a positive adjustment to its Relative Strength (RS) Rating, from 69 to 81.
IBD's proprietary rating identifies price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best stocks often have an RS Rating of over 80 as they launch their biggest climbs.
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Universal Display is working on a cup with handle with a 215.90 buy point. See if it can break out in heavy trade.
Universal Display showed 6% EPS growth last quarter, while sales growth came in at 8%. Keep an eye out for the company's next round of numbers on or around Oct. 30.
The company earns the No. 5 rank among its peers in the Electronics-Miscellaneous Products industry group. InterDigital is the No. 1-ranked stock within the group.
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