Lufax Holding (LU)

[CashCowMoo]

looks like lucent is pushing north...i looked around and seems like there are more buys than sells coming in the past 4 days. rumors going around of a merger with another company. i think thats what lucent needs to stay alive so something could be up or in the works.

oh here we go...the merger is said to be with alcatel. which is a french telecommunications provider and recently landed a contract with chinese ministry of public security to span across 32 provinces and cities. again...something huge if lucent does a merger.

http://finance.yahoo.com/q?s=ALA

which alcatel is at a healthy 12.53 per share. morgan stanley said the sector was "set to rally in a big way" reflecting that "valuations are cheap across the board", and that IT capital expenditure was recovering.

here is the chart for lucent

http://stockcharts.com/h-sc/ui?s=lu&p=D&b=5&g=0&id=p51299743018

the %R(14) and RSI indicators on the chart show an increase in share value for mondays opening, however both indicators though moving up nicely are heading close to the overbought point.

the other indicator to look at is the MACD line..which when the black breaks above the red is a good buy indicator, and once it passes the straight 0 mark is another good signal.



here is the chart for alcatel which trades on the NYSE.

http://stockcharts.com/h-sc/ui?s=ala&p=D&b=5&g=0&id=p51299743018


this pattern on the chart is basically identical in movement to lucents and in the exact same time frame. it looks like someone big is accumulating on expecting some good news..perhaps some insiders.



lucent and alcatel shareholders meet early in september to vote on the merger.

so there IS some hope for lucent!! HA!