Upgrade Alert for Alcatel-Lucent (ALU)
Alcatel-Lucent (NYSE:ALU) was upgraded from Neutral to Buy at Natixis today. The stock closed yesterday at $1.24 on volume of 40.5 million shares, above average daily volume of 19.9 million.
Alcatel-Lucent (NYSE:ALU) defies analysts with a current price ($1.24) 4.7% above its average consensus price target of $1.18. The stock should find resistance at its 200-day moving average (MA) of $1.45, as well as support at its 50-day MA of $1.07.
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 share prices have moved between a 52-week high of $2.66 and a 52-week low of $0.91 and closed yesterday at 36% above that low price at $1.24 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has slid 2.4%.
SmarTrend is monitoring the recent change of momentum in Alcatel-Lucent. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Alcatel-Lucent in search of a potential trend change.
Keywords: analyst upgrades/downgrades Alcatel-Lucent