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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (27046)	6/21/1999 8:26:00 PM
From: IQBAL LATIF	Read Replies (1) of 50167

FWIW....Buy Alert! LUCENT TECHNOLOGIES (LU) NYSE Report No. 813 Analysis by: Harry Aloof JUNE 21, 1999 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 line "A", 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 downside 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 Price Objective: $85.00 Risk/Reward: $2 5/8 VS. $21 7/8 Risk/Reward Ratio: 8:1

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