Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.500

-0.8%

Nov 28 9:30 AM EST

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To: Anonymous who wrote (6549)	3/9/1999 1:15:00 PM
From: Bridge Player	Read Replies (1) of 21876

For any LU fans who may be technically inclined, the stock has traced out an interesting technical pattern since last Nov. 13th, namely that of a triangle "wedge" formation. Marked by higher lows from 11/13 on 12/1 and 2/10, and by lower highs from the high on 1/8 on 1/20, 1/28, and 2/23, the stock broke cleanly above this formation yesterday and is following through today 3/9, up 2+. My technical knowledge is limited; what is this formation called? It is not truly a symmetrical triangle because the downtrend line slopes down at a greater angle than the uptrend line. Does this breakout indicate higher prices ahead? BP

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