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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 cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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

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