TMCnet News
Stock to Watch: Alcatel-Lucent Up 11.5% (ALU)Dec 14, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Alcatel-Lucent (NYSE:ALU) is one of today's best performing low-priced stocks, up 11.5% to $1.23 on 1.1x average daily volume. Thus far today, Alcatel-Lucent has traded 26.8 million shares, vs. average volume of 23.4 million shares per day. The stock has outperformed the Dow (11.5% to the Dow's -0.1%) and outperformed the S&P 500 (11.5% to the S&P's -0.3%) during today's trading. Alcatel-Lucent (NYSE:ALU) is currently priced 3.6% above its average consensus analyst price target of $1.18. The stock should find resistance at its 200-day moving average (MA) of $1.53, as well as support at its 50-day MA of $1.08. 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. In the past 52 weeks, Alcatel-Lucent share prices have been bracketed by a low of $0.91 and a high of $2.66 and are now at $1.23, 35% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 0.4%. 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 45.9%. 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 |