UNIVERSAL DISPLAY CORP (NASDAQ:OLED) was identified by our screener as a strong growth stock with a promising technical setup. The company combines solid fundamentals with a favorable chart pattern, making it worth a closer look for investors seeking growth opportunities.
Strong Growth Fundamentals
OLED stands out with an overall Fundamental Rating of 8/10, supported by:
- Growth Rating (8/10): Revenue grew by 33.16% in the past year, with expected annual EPS growth of 20.56% in the coming years.
- Profitability Rating (8/10): High margins, including a 76.81% Gross Margin and 35.13% Profit Margin, outperform most peers in the Semiconductors industry.
- Financial Health (9/10): No debt, strong liquidity (Current Ratio of 9.00), and a high Altman-Z score (23.63) indicate financial stability.
While the stock trades at a P/E of 31.45, slightly above the S&P 500 average, its growth trajectory and profitability justify the premium.
Technical Setup
The Technical Rating (6/10) shows mixed signals, but the Setup Rating (8/10) highlights a consolidation phase with breakout potential:
- Short-term trend is positive, while the long-term trend remains neutral.
- Support at $143.00 provides a potential stop-loss level.
- Resistance near $158.59–$162.80 could act as a breakout zone.
A move above resistance may signal further upside, supported by improving momentum.
Our Strong Growth Stocks with Good Technical Setup screener lists more stocks with similar characteristics.
For deeper analysis, review the full fundamental report and technical report.
Disclaimer
This is not investing advice! The observations are based on data at the time of writing. Always conduct your own research before making investment decisions.
