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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: Pat Hughes who wrote (11464)	12/2/1999 10:53:00 PM
From: Bindusagar Reddy	Read Replies (1) \| Respond to of 21876

Good T/A from Eoffering:Tech Takes: Lucent Technologies Inc. (LU)--LUcy to the Sky? 10:27pm EST 2-Dec-99 EOFFERING (Mike Hurley (415) 618-6200) LU LU.N Tech Takes: Lucent Technologies Inc. (LU)--LUcy to the Sky? Story 2245 (B/LC C/CNA C/CUS I/CPR LU LU.N LUTI-D S/TEC) EOFFERING December 3, 1999 The Investment Bank of ETRADE Mike Hurley research@eoffering.com Technical Analyst www.eoffering.com Tech Takes Lucent Technologies Inc. (LU)--LUcy to the Sky? Exploding out of a triangle consolidation pattern on Thursday was Lucent Technologies Inc. (A). This surge came on a solid increase in volume, which helps in confirming the rally to technicians (B). LU's MACD is also turning up and seems to be within fractions of flashing a "buy" signal (C). Additionally, the Stochastic Oscillator is just hooking up from below 50, hinting that the stock has a tremendous amount of upside from below 50, hinting that the stock has a tremendous amount of upside potential (D). While consolidating, LU found support right around $73. This allows for the placement of a stop loss point in the $71-72 area, so the risk is well-defined. Not only is the risk reasonable but, in our opinion, the potential gain is significant because this kind of consolidation pattern often results in a "measured move"--where the rally out of the triangle should approximate the move into it. Mike Hurley Technical Analyst Mike Hurley is the Technical Analyst for E*OFFERING, joining the firm in June of 1999. With over 15 years of experience in the investment markets, Mike provides cutting-edge technical insight in the form of both weekly market commentaries and daily trading ideas.