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TMCNet:  Downgrade Alert for LG Display (LPL)

[November 27, 2012]

Downgrade Alert for LG Display (LPL)

Nov 27, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- LG Display (NYSE:LPL) was downgraded from Market Perform to Underperform at Bernstein today. The stock closed yesterday at $16.59 on volume of 551,000 shares, above average daily volume of 535,000. LG Display (NYSE:LPL) defies analysts with a current price ($16.59) 4.3% above its average consensus price target of $15.88. LG Display shares have support at the 50-day moving average (MA) of $12.77 and additional support at the 200-day MA of $11.54.


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.

In the past 52 weeks, shares of LG Display have traded between a low of $8.41 and a high of $16.80 and closed yesterday at $16.59, which is 97% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.8%.

SmarTrend recommended that subscribers consider buying shares of LG Display on October 18th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $13.38. Since that recommendation, shares of LG Display have risen 24.0%. We continue to monitor LPL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

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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