LUCENT TECHNOLOGIES
(LU-NYSE):
Technical Viewpoint: From a low
of $51 7/8 on Apr 19, 1999 prices
rallied, reaching a
high of $63.31
on Apr 27, 1999. A
decline saw prices pull back, reaching a
low of
$54 3/4 on May 26, 1999.
Another rally saw prices penetrate
resistance, closing 6/18/99
at $62.94. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 4, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $57 1/4. Resistance: Is at $67.00.
Point & Figure: Reversed to the upside on Jun 16, 1999. A P&F upside
reversal takes place at $60.00. Summary: Technical indicators have turned bullish. BUY! LUCENT TECHNOLOGIES
(LU-NYSE) @ $63 1/8 Stop: Use a protective stop of $60 1/2.
LUCENT TECHNOLOGIES is currently trading @ $62.94 plus $1.31 on Jun 18, 1999. Price Objective:
$85.00. Risk/Reward: $2 5/8 VS. $21 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:
$85.00
Risk/Reward:
$2 5/8 VS. $21 7/8
Risk/Reward Ratio:
8:1
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