Alcatel Lucent (ALU) Sees Buying as Sentiment Rises; Looks to Snap Four-Session Losing Streak
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Traders are buying into Alcatel Lucent (NYSE: ALU) following a couple down days in the stock, as sentiment in the tech sector continues to improve.
Volatility in Alcatel is up 11.7 percent from Thursday's close and up 170 percent over its trailing annual average.
Shares are well over 4 percent better on the session after falling a combined 6.3 percent since June 8th.
Traders might note that the 50-day SMA is at $1.65 right now, which is just about where shares fell to following Q1 earnings in April.
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Volatility in Alcatel is up 11.7 percent from Thursday's close and up 170 percent over its trailing annual average.
Shares are well over 4 percent better on the session after falling a combined 6.3 percent since June 8th.
Traders might note that the 50-day SMA is at $1.65 right now, which is just about where shares fell to following Q1 earnings in April.
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