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LUCENT TECHNOLOGIES
(LU-NYSE):
Technical Viewpoint: From a low
of $60.00 on Aug 10, 1999 prices
rallied, reaching a
high of $68.69
on Aug 25, 1999. A
decline saw prices pull back, reaching a
low of
$62.56 on Sep 2, 1999.
Another rally saw prices penetrate
resistance, closing 9/16/99
at $69 1/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Sep 13, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $64.00. Resistance: Is at $71.00.
Point & Figure: Reversed to the upside on Sep 16, 1999. A P&F upside
reversal takes place at $66.00. Summary: Technical indicators have turned bullish. BUY! LUCENT TECHNOLOGIES
(LU-NYSE) @ $69 5/8 Stop: Use a protective stop of $66 7/8.
LUCENT TECHNOLOGIES is currently trading @ $69 1/4 plus $2 1/4 on Sep 16, 1999. Price Objective:
$81.00. Risk/Reward: $2 3/4 VS. $11 3/8. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$81.00
Risk/Reward:
$2 3/4 VS. $11 3/8
Risk/Reward Ratio:
4:1
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