Quick Win by the Algorithm

On March 10th, 2017, the I Know First algorithm issued a bullish forecast for OLED. OLED had a signal of 205.64 and a predictability of 0.2. As a result, in accordance with the forecast, the company’s stock increased by 50.18% in just 3 months, showing a quick win by the algorithm.

Universal Display Corporation (OLED) engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in flat panel displays and solid-state lighting applications. It owns, exclusively licenses, or has the sole right to sublicense approximately 4,200 patents issued and pending worldwide.

Tomorrow will be the ex-date of the company. Analysts recommend a “strong-buy” rate for the OLED. In June 7, the stock of the company which constantly soared through 2017, reached its 52 Week High. The trend of the stocks of OLED have clearly been bullish those last six months. Besides, in May the sales and the profits of the companies skyrocketed. Thus, OLED reported significant earnings in May. Consequently, many investors showed their interests in participating in the growth of the company.

To sum up, the total revenue increased 87% to $55.6 million. Additionally, rumors announced Samsung will invest nearly $9 billion into new OLED facilities. OLED has also other big customers as LG. And the company expects OLED to grow more. For Seeking Alpha, the success of OLED comes from its new emitters.

Current I Know First subscribers received this bullish forecast on OLED on March 10, 2017. 

Before making any trading decisions, consult the latest forecast as the algorithm updates predictions daily. You can use the algorithm for intra-day trading. The predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.