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TMCNet:  Downgrade Alert for LG Display (LPL)

[January 10, 2013]

Downgrade Alert for LG Display (LPL)

Jan 10, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- LG Display (NYSE:LPL) was downgraded from Buy to Neutral at Citigroup today. The stock closed yesterday at $13.73 on volume of 2.0 million shares, above average daily volume of 1.1 million. There is potential upside of 7.7% for shares of LG Display based on a current price of $13.73 and an average consensus analyst price target of $14.79. The stock should find resistance at its 50-day moving average (MA) of $15.34, as well as support at its 200-day MA of $12.09.


Over the past year, LG Display has traded in a range of $8.41 to $16.80 and closed yesterday at $13.73, 63% above that low. The 200-day and 50-day moving averages have moved 0.11% higher and 0.13% higher over the past week, respectively.

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.

SmarTrend recommended that its subscribers protect gains by selling shares of LG Display on December 14th, 2012 by issuing a Downtrend alert when the shares were trading at $14.57. Since that call, shares of LG Display have fallen 5.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

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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