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Downtrend Call Working As LG Display Stock Falls 28.5% (LPL)

TMCNet:  Downtrend Call Working As LG Display Stock Falls 28.5% (LPL)

[May 28, 2012]

Downtrend Call Working As LG Display Stock Falls 28.5% (LPL)

May 28, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for LG Display (NYSE:LPL) on March 28th, 2012 at $11.91. In approximately 2 months, LG Display has returned 28.46% as of today's recent price of $8.52.

LG Display share prices have moved between a 52-week high of $17.25 and a 52-week low of $7.38 and are now trading 15% above that low price at $8.52 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 3.3%.

LG Display Company Ltd. develops and manufactures digital display products. The Company's products include thin film transistor-liquid crystal displays (TFT-LCD) for notebook and desktop computer monitors, TVs, and mobile phones. LG Display provides its products to overseas and domestic markets.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of LG Display.

Log in and add LG Display (LPL) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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