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Bearish Two Hundred Day Moving Average Cross - LPL

By Market News Video Staff, Monday, May 23, 11:39 AM ET
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In trading on Monday, shares of LG Display Co Ltd (NYSE:LPL) crossed below their 200 day moving average of $16.87, changing hands as low as $16.40 per share. LG Display Co Ltd shares are currently trading off about 5.2% on the day. The chart below shows the one year performance of LPL shares, versus its 200 day moving average:

LG Display Co Ltd 200 Day Moving Average Chart

Looking at the chart above, LPL's low point in its 52 week range is $13.75 per share, with $18.92 as the 52 week high point that compares with a last trade of $16.44.

LPL makes up 1.85% of the iShares MSCI ACWI ex US Information Technology Sector Index Fund ETF (AXIT)

LPL operates in the Electronic Equipment & Products sector, among companies like Arrow Electronics, Inc. (NYSE:ARW) which is down about 3.4% today, and Avnet Inc (NYSE:AVT) trading lower by about 3.5%. Below is a three month price history chart comparing the stock performance of LPL, versus ARW and AVT.

LPL,ARW,AVT Relative Performance Chart


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