LG Display Co Ltd : Today's Technical View on Dell, Apple, Corning, and LG Display
03/04/2013| 08:25am US/Eastern
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LONDON, March 4, 2013 /PRNewswire/ --
Demand for personal computers has weakened in the last two years due to the shift to
mobile computing. PC demand has also been negatively impacted by weakening global economy.
Not surprisingly, personal computer maker Dell Inc. (NASDAQ: DELL), which recently agreed
to going private, has struggled. On the other hand, Apple Inc. (NASDAQ: AAPL) has been one
of the biggest beneficiaries of the shift to mobile computing, although in recent months
the company has been facing increasing competition. The growth in the smartphone and
tablet markets has also benefited companies such as Corning Incorporated (NYSE: GLW) and
LG Display Co. Ltd. (NYSE: LPL). Shares of both companies, though, finished lower on
Friday even as the broad market edged higher. StockCall initiated free in-depth technical
analysis on DELL AAPL GLW and LPL which are currently available upon sign up at
http://www.stockcall.com/research
Dell Inc. shares ended marginally higher in Friday's trading session. Shares of the
Texas-based personal computer maker rose 0.36% to finish the day at $14, with volume at
13.02 million. Dell's shares have been one of the best performing technology stocks this
year, gaining more than 38%. The stock, however, has been struggling to break through $14
resistance level. Sign up for the free technical analysis on DELL at
http://www.StockCall.com/DELL030413.pdf
Shares of Apple Inc. fell sharply in Friday's trading session even as the broad market
finished in the green. Apple's shares have struggled since late 2012 after the stock hit
an all-time high of $705.07. At the end of last week, the stock closed 2.48% lower at
$430.47 on volume of 19.73 million. The company's shares have now fallen more than 25% in
the last three months. Market sentiment remains bearish on the stock, with the MACD
recently crossing below the signal line. The stock is also trading well below its 50-day
and 200-day moving averages. The tech giant's shares have fallen below $440, which has
been a key support level for the stock in recent weeks. Download the free report on AAPL
by registering at
http://www.StockCall.com/AAPL030413.pdf
Shares of Corning Inc. also ended lower in Friday's trading session; however, the
losses were limited. The stock closed 0.71% lower at $12.52 on volume of 8.94 million. For
the week, the stock fell 0.71% even as the S&P 500 gained 0.17%. Year-to-date, Corning's
shares have fallen 0.79%, compared to a gain of 6.45% for the S&P 500. The company's
shares are currently facing stiff resistance at around $12.75. The stock has support at
around $12.20. The stock recently moved above its 50-day moving average, which is a
bullish signal. The bullish trend is further confirmed by the MACD chart. The free report
on GLW can be downloaded by signing up now at
http://www.StockCall.com/GLW030413.pdf
Shares of LG Display Co. also edged lower in Friday's trading session. The stock
closed 0.29% lower at $13.86 on volume of 322,787, which is nearly a third of the daily
average volume of 1.05 million. Year-to-date, LG Display's shares have fallen more than
4%, underperforming the broad market. The company's shares have been trading above their
50-day and 200-day moving averages, which is a bullish signal. The MACD chart, however,
suggests that the bullish trend may have come to an end. Free report on LPL can be
accessed by registering at
http://www.StockCall.com/LPL030413.pdf
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SOURCE StockCall.com
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