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Stock to Watch: Alcatel-Lucent Down 5.8% (ALU)Jul 26, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Alcatel-Lucent (NYSE:ALU) is one of today's worst performing penny stocks, down 5.8% to $1.00 on 1.4x average daily volume. Alcatel-Lucent has traded 23.4 million shares thus far today, vs. average volume of 16.2 million shares per day. The stock has underperformed the Dow (-5.8% to the Dow's 1.4%) and underperformed the S&P 500 (-5.8% to the S&P's 1.2%) during today's trading. In the past 52 weeks, shares of Alcatel-Lucent have traded between the current low of $0.99 and a high of $5.27 and are now at $1.00. Over the last five market days, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has declined 1.6%. 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. Potential upside of 83.3% exists for Alcatel-Lucent, based on a current level of $1.00 and analysts' average consensus price target of $1.83. The stock should find initial resistance at its 50-day moving average (MA) of $1.49 and further resistance at its 200-day MA of $1.90. SmarTrend recommended that its subscribers protect gains by selling shares of Alcatel-Lucent on April 10th, 2012 by issuing a Downtrend alert when the shares were trading at $2.04. Since that call, shares of Alcatel-Lucent have fallen 47.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. 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 |