Feb 10, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Alcatel-Lucent (NYSE:ALU)
is one of today's best performing low-priced stocks, up 16.5% to $2.26 on 4.0x
average daily volume. Thus far today, Alcatel-Lucent has traded 53.1 million
shares, vs. average volume of 13.2 million shares per day. The stock has
outperformed the Dow (16.5% to the Dow's -0.9%) and outperformed the S&P 500
(16.5% to the S&P's -0.8%) during today's trading.
In the past 52 weeks, shares of Alcatel-Lucent have traded between a low of
$1.39 and a high of $6.63 and are now at $2.26, which is 63% above that low
price. The 200-day and 50-day moving averages have moved 2.39% lower and 1.84%
higher over the past week, respectively.
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 29.5% exists for Alcatel-Lucent, based on a current level of
$2.26 and analysts' average consensus price target of $2.93. Alcatel-Lucent
shares should encounter resistance at the 200-day moving average (MA) of $3.48
and support at the 50-day MA of $1.70.
SmarTrend is tracking the current trend status for Alcatel-Lucent and will alert
subscribers who have ALU in their portfolio or watchlist when shares have
changed trend direction.
