TMCNet:  Hot Stock: Alcatel-Lucent, Shares Drop 8.2% (ALU)

[February 07, 2013]

Hot Stock: Alcatel-Lucent, Shares Drop 8.2% (ALU)

Feb 07, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Alcatel-Lucent (NYSE:ALU) is one of today's worst performing low-priced stocks, down 8.2% to $1.57 on 2.4x average daily volume. Thus far today, Alcatel-Lucent has traded 42.8 million shares, vs. average volume of 18.0 million shares per day. The stock has underperformed the Dow (-8.2% to the Dow's -0.8%) and underperformed the S&P 500 (-8.2% to the S&P's -0.6%) 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 $1.57, 73% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 2.9%.

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.

Alcatel-Lucent (NYSE:ALU) is currently priced 1.3% above its average consensus analyst price target of $1.55. The stock should discover initial support at its 50-day moving average (MA) of $1.44 and subsequent support at its 200-day MA of $1.33.

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 38.5%. 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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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