LUCENT TECHNOLOGIES
(LU-NYSE):
Technical Viewpoint: From a low
of $94.00 on Feb 10, 1999 prices
rallied, reaching a
high of $110.06
on Mar 9, 1999. A
decline saw prices pull back, reaching a
low of
$96 1/2 on Mar 24, 1999.
Another rally saw prices penetrate
resistance, closing 3/29/99
at $136.00. Technicals: MACD Index (MACD): A Buy Alert!
was given on Mar 29, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $97 1/2. Resistance: Is at $115.00.
Point & Figure: Reversed to the upside on Mar 29, 1999. A P&F upside
reversal takes place at $104.00. Summary: Technical indicators have turned bullish. BUY! LUCENT TECHNOLOGIES
(LU-NYSE) @ $110 1/8 Stop: Use a protective stop of $106 7/8.
LUCENT TECHNOLOGIES is currently trading @ $136.00 plus $7 7/8 on Mar 29, 1999. Price Objective:
$136.00. Risk/Reward: $3 1/4 VS. $25 7/8. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$136.00
Risk/Reward:
$3 1/4 VS. $25 7/8
Risk/Reward Ratio:
8:1
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