Technical Briefing on QUALCOMM, Alcatel-Lucent, Tellabs, and Sonus Networks PR Newswire LONDON, March 14, 2013 LONDON, March 14, 2013 /PRNewswire/ -- Markets shrugged off its previous session's pullback and resumed their upward ascent. On Wednesday, the Technology sector also remained in the green zone with stocks posting mild gains for the day. The Dow Jones ended its latest session at 14,455.28, up 0.04 percent while NASDAQ was up 0.09 percent closing at 3,245.12. Similarly, S&P also finished on a positive note at 1,554.52, up 0.13 percent. Our research team took a look at Technology sector, more precisely the Communication Equipment industry which includes major companies like Qualcomm Inc. (NASDAQ: QCOM), Alcatel Lucent SA (NYSE: ALU), Tellabs Inc. (NASDAQ: TLAB) and Sonus Network Inc. (NASDAQ: SONS). StockCall has posted free technical research reports on QCOM, ALU, TLAB, and SONS and these can be accessed by signing up at http://www.stockcall.com/analysis Qualcomm Inc. traded in the range of $66.66 and $67.50 in Wednesday's trading session and ended the day at $66.75, down 0.43 percent. The stock's 52 weeks range stands at $53.09 and $68.87. Qualcomm has gained 4.42 percent of its value in the past 12 months, while it is up 10.09 percent so far this year. The stock is in a bullish mode and may find its first support level at $66.39. It is trading above its 20-day moving average of $66. The stock has traded 9.62 million shares in its latest trading session. Download the free report on QCOM upon registration at http://www.StockCall.com/QCOM031413.pdf Shares of Alcatel Lucent SA ended its previous trading session lower at $1.44, down 2.70 percent. The stock gained more than 6 percent this year, underperforming the broad market. The stock has slipped from $1.47 resistance level. It has support at around $1.36 at the moment. With its downward movement, the company is still trading below its 6-day and 20-day moving averages. The stock is likely to go up to $1.52 level in the coming trading sessions. ALU technical report can be accessed for free by signing up at http://www.StockCall.com/ALU031413.pdf Tellabs Inc.'s stock is in a neutral mode and is trading in-line with its 50-day SMA of $2.14. It ended yesterday's trading session 1.38 percent down at $2.14, and the stock oscillated in the range of $2.12 and $2.22 during Wednesday's session. The stock trades at beta of 0.61. Tellabs is expected to face its first resistance level at $2.18. Free report on TLAB can be accessed by registering at http://www.StockCall.com/TLAB031413.pdf With the upward movement in Wednesday's trading session, Sonus Network Inc. is still up 44.85 percent for the year. It has lost 16.43 percent in the past 52 weeks. The stock closed 2.14 percent higher at $2.39 on volume of 1.20 million shares. Its average trading volume stands at 2.15 million shares. Sonus Network's shares currently face resistance at around $2.46. The stock has support at around $2.27. Read the full free research on SONS by signing up to StockCall at http://www.StockCall.com/SONS031413.pdf About StockCall.com StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at http://www.stockcall.com SOURCE StockCall.com Contact: Contact Person:William T. Knight, Email: firstname.lastname@example.org, Contact Number: +1(646)396-9857 (9:00 am EST - 01:30 pm EST)
Technical Briefing on QUALCOMM, Alcatel-Lucent, Tellabs, and Sonus Networks
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