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

To: Techplayer who wrote (7865)	5/19/1999 1:40:00 AM
From: Techplayer	Respond to of 21876

From Nordby.com 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 $55 3/4 on May 6, 1999. Another rally saw prices penetrate resistance line "A", closing yesterday at $59.00. Technicals: Stochastic (STOC): A Buy Alert! was given on May 7, 1999 when the solid line crossed the dotted line to the upside. Support: Remains at $56.00. Resistance: Is at $63.00. Point & Figure: Reversed to the upside on May 6, 1999. A P&F downside reversal takes place at $56.00 Summary: Technical indicators have turned bullish. BUY! LUCENT TECHNOLOGIES (LU-NYSE) @ $59 3/4 Stop: Use a protective stop of $57 1/2. Price Objective: $85 Risk/Reward: $2 1/4 VS. $25 1/4 Risk/Reward Ratio: 11:1