LG Display Shares Down 40.7% Since SmarTrend Said Sell (LPL)

SmarTrend identified a Downtrend for LG Display LPL on May 23, 2011 at $16.68. In approximately 3 months, LG Display has returned 40.7% as of today's recent price of $9.90.

In the past 52 weeks, shares of LG Display have traded between a low of $9.39 and a high of $18.92 and are now at $9.90, which is 5% above that low price.

LG Display is currently below its 50-day moving average of $13.51 and below its 200-day moving average of $16.20. Look for these moving averages to decline to confirm the company's downward momentum.

In the last five trading sessions, the 50-day MA has fallen 3.91% while the 200-day MA has slid 1.04%.

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.

Write to Chip Brian at cbrian@mysmartrend.com

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