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Tuesday, November 03, 2009
Alcatel-Lucent (ALU) Bearish Technical Alert - Trend Down 10.4%
Comtex
Nov 03, 2009 (SmarTrend(R) Spotlight via COMTEX) ----Alcatel-Lucent (NYSE:ALU) is trading 0.9% lower (down $0.03 to $3.61) today on volume of 9,691,501 shares. The stock has traded within a 52-week range of $1.09 and $4.95.
Alcatel-Lucent is currently below its 50-day moving average of $4.21 and should find support at its 200-day moving average of $2.74.
SmarTrend is bearish on shares of ALU and our subscribers received a Downtrend alert on October 28, 2009 at $4.03, which has returned 10.4% to date.
Write to Chip Brian at cbrian@tradethetrend.com
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Copyright, Comtex News Network, Inc. 2009
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