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Upgrade Alert for Alcatel-Lucent (ALU)

By James Quinn

Alcatel-Lucent (NYSE:ALU) was upgraded from Underweight to Neutral at HSBC today. The stock closed yesterday at $3.95 on volume of 4.4 million shares, below average daily volume of 10.2 million.

Over the past year, Alcatel-Lucent has traded in a range of $1.67 to $4.68 and closed yesterday at $3.94, 136% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.3%.

There is potential upside of 20.4% for shares of Alcatel-Lucent based on a current price of $3.94 and an average consensus analyst price target of $4.74. Alcatel-Lucent shares have support at the 200-day moving average (MA) of $3.92 and additional support at the 50-day MA of $3.91.

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 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