Technical Briefing on QUALCOMM, Alcatel-Lucent, Tellabs, and Sonus Networks

 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

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 

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 

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 

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

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