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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 BMO Capital today. The stock closed yesterday at $4.12 on volume of 7.5 million shares, below average daily volume of 10.9 million.

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.

In the past 52 weeks, shares of Alcatel-Lucent have traded between a low of $1.27 and a high of $4.68 and closed yesterday at $4.12, which is 224% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has risen 2.0%.

Alcatel-Lucent has overhead space with shares priced $4.12, or 10.1% below the average consensus analyst price target of $4.58. Alcatel-Lucent shares should encounter resistance at the 50-day moving average (MA) of $4.25 and support at its 200-day MA of $3.33.

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.

Keywords: analyst upgrades/downgrades Alcatel-Lucent

Ticker(s): ALU