BUY! LUCENT TECHNOLOGIES INC (LU) NYSE

  Report No. 786    Analysis by: Harry Aloof     MAY 11, 1999

LUCENT TECHNOLOGIES INC (LU-NYSE): 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, closing 5/10/99 at $59.00. Technicals: Stochastic Oscillator (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 upside reversal takes place at $56.00. Summary: Technical indicators have turned bullish. BUY! LUCENT TECHNOLOGIES INC (LU-NYSE) @ $59 3/4 Stop: Use a protective stop of $57 1/2. LUCENT TECHNOLOGIES INC is currently trading @ $59.00 plus $1.25 on May 10, 1999. Price Objective: $85.00. Risk/Reward: $2 1/4 VS. $25 1/4. Today's Risk Reward Ratio: 11:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$85.00 Risk/Reward:
$2 1/4 VS. $25 1/4 Risk/Reward Ratio:
11:1
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