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LG Display Trying To Close In On Key Technical Benchmark

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LG Display ( LPL ) had its Relative Strength ( RS ) Rating upgraded from 68 to 71 Thursday -- a welcome improvement, but still below the 80 or higher score you look for.

[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's unique rating tracks share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.

Decades of market research shows that the top-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if LG Display can continue to show renewed price strength and clear that threshold.

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LG Display is working on a consolidation with a 17.15 buy point . See if the stock can clear the breakout price in heavy trade.

Earnings growth fell last quarter from 152% to -99%. But revenue moved higher, from 0% to 1%.

The company holds the No. 7 rank among its peers in the Electronics-Miscellaneous Products industry group. Universal Display ( OLED ), Zebra Technologies ( ZBRA ) and Sensata Technologies ( ST ) are among the top 5 highly rated stocks within the group.

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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 Nasdaq, Inc.


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

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