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Hot Stock: Alcatel-Lucent, Shares Gain 6.1% (ALU)Jan 31, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Alcatel-Lucent (NYSE:ALU) is one of today's best performing low-priced stocks, up 6.1% to $1.66 on 1.0x average daily volume. Alcatel-Lucent has traded 22.7 million shares thus far today, vs. average volume of 21.7 million shares per day. The stock has outperformed the Dow (6.1% to the Dow's -0.1%) and outperformed the S&P 500 (6.1% to the S&P's -0.1%) during today's trading. Over the past year, Alcatel-Lucent has traded in a range of $0.91 to $2.66 and is now at $1.66, 82% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 2.7%. Alcatel-Lucent (NYSE:ALU) defies analysts with a current price ($1.66) 6.3% above its average consensus price target of $1.55. The stock should discover initial support at its 50-day moving average (MA) of $1.38 and subsequent support at its 200-day MA of $1.33. Alcatel-Lucent manufactures telecommunications equipment, and offers telecommunications services. The Company's telecommunications equipment and services enable its customers to send or receive virtually any type of voice or data transmission. Alcatel-Lucent designs and builds public and private networks, communications systems and software, and data networking systems. SmarTrend recommended that subscribers consider buying shares of Alcatel-Lucent on December 14th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $1.24. Since that recommendation, shares of Alcatel-Lucent have risen 26.3%. We continue to monitor ALU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 |