LG Display (LPL) Worth Watching: Stock Rises 7.1% - Tale of the Tape

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LG Display Co., Ltd. ( LPL ) was a big mover last session with shares rising just over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company since Feb 27, as the stock is now trading above the volatile price range of $10.69 to $11.48.

This manufacturer of TFT-LCD and other display panels has seen a mixed track record when it comes to estimate revisions of 1 increase and 1 decrease in the last 60 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday's price action can turn into more strength down the road.

LG Display currently holds a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Investors interested in the broader technology sector may consider better-ranked stocks like Logitech International SA ( LOGI ), Alps Electric Co. Ltd. ( APELY ) and ADTRAN Inc. ( ADTN ). While Logitech sports a Zacks Rank #1 (Strong Buy), Alps Electric and ADTRAN bear a Zacks Rank #2 (Buy).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: ADTN , APELY , LOGI , LPL

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As of 7/29/2015, 04:15 PM

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