Alcatel-Lucent(ALU) has rising momentum with an uptrend

(30-Apr-2008) (30-Apr-2008) Alcatel-Lucent(ALU) closed at 6.67, down -0.39 or -5.52 % today. Based on our analysis, Alcatel-Lucent(ALU) has rising momentum with an uptrend.

The closing price of Alcatel-Lucent(ALU) is above its 50 day moving average of 5.94 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Alcatel-Lucent(ALU) is gaining momentum. An uptrend with with rising momentum is a good omen for the stock. The MACD histogram crossed above the signal line on 17-Apr-2008, about 11 trading days ago.