Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.605

+2.2%

12:53 PM EST

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To: who wrote ()	6/26/1998 1:12:00 AM
From: Warren Gates	Read Replies (1) of 21876

LU and CSCO have very different chart patterns. Cisco tends to ebb and flow from its 50 day moving avg, always on a clear uptrend. LU, tends to have one of those explosive moves to the upside, then a long basing period. Today's action on LU ends in a test of the resistance at 79 which it broke yesterday, finding out if it offers sufficient support. If this holds, expect the same explosive behavior as last quarter culminating in the quarterly report.

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