Upgrade Alert for Alcatel-Lucent (ALU)
Alcatel-Lucent (NYSE:ALU) was upgraded from Underperform to Neutral at Credit Suisse today. The stock closed yesterday at $1.40 on volume of 20.9 million shares, above average daily volume of 20.0 million.
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 54% above that low price at $1.40 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has advanced 2.0%.
Alcatel-Lucent (NYSE:ALU) defies analysts with a current price ($1.40) 5.4% above its average consensus price target of $1.32. The stock should discover initial support at its 200-day moving average (MA) of $1.39 and subsequent support at its 50-day MA of $1.15.
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 December 14th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $1.24. Since that recommendation, shares of Alcatel-Lucent have risen 13.4%. 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