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Upgrade Alert for Alcatel-Lucent (ALU)

By Nick Russo

Alcatel-Lucent (NYSE:ALU) was upgraded from Market Perform to Outperform at Bernstein today. The stock closed yesterday at $4.03 on volume of 22.4 million shares, above average daily volume of 13.7 million.

Alcatel-Lucent (NYSE:ALU) has potential upside of 7.2% based on a current price of $4.03 and analysts' consensus price target of $4.32. Alcatel-Lucent shares have support at the 50-day moving average (MA) of $3.88 and additional support at the 200-day MA of $3.44.

In the past 52 weeks, shares of Alcatel-Lucent have traded between a low of $2.28 and a high of $4.96 and closed yesterday at $4.03, which is 77% above that low price. The 200-day and 50-day moving averages have moved 0.13% higher and 0.44% 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.

SmarTrend recommended that subscribers consider buying shares of Alcatel-Lucent on February 12th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $3.89. Since that recommendation, shares of Alcatel-Lucent have risen 3.6%. We continue to monitor ALU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades Alcatel-Lucent

Ticker(s): ALU