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Technology Stocks : Lucent Technologies (LU)
LU 2.745-2.8%3:59 PM EST
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To: Brian Baxter who wrote (21552)2/21/2004 7:35:28 AM
From: William H Huebl  Read Replies (1) of 21876
 
It could go as high as 6.0 also but seems to be reversing from the fall runup.

And yes, 3 also is a support area. The simple moving average, however, is at 3.75. I suspect the bounce came, not from the 50 Exponential Moving Average you must be referring to but from the support level created in mid-January 2004. At least that is what my P&F charts show!

So here is what I would watch for... a break down to the 3.75 and maybe some consolidation there for a while before moving lower... could go under 2 eventually IMHO. A break above 5 would surely move this stock up to 5.75 or higher, eventually.
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