Communications Equipment Equities Technical Notes -- Research on Alcatel-Lucent, Ciena, InterDigital, and Polycom
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LONDON, April 30, 2014 /PRNewswire/ --
On Monday, April 28, 2014, the NASDAQ Composite ended at 4,074.40, down 0.03%, the Dow Jones Industrial Average advanced 0.53%, to finish the day at 16,448.74, and the S&P 500 closed at 1,869.43, up 0.32%. The gains were broad based as seven out of ten sectors ended the session in positive. The S&P 500 Information Technology Sector Index ended the day at 591.43, up 0.94%, with the index advancing 4.49% in the previous three months. Investor-Edge has initiated coverage on the following equities: Alcatel-Lucent (NYSE: ALU), Ciena Corp. (NYSE: CIEN), InterDigital Inc. (NASDAQ: IDCC) and Polycom Inc. (NASDAQ: PLCM). Free technical research on ALU, CIEN, IDCC and PLCM can be downloaded upon signing up at:
Alcatel-Lucent's stock fell 1.54%, to close the day at $3.84. The stock recorded a trading volume of 7.59 million shares, below its three months average volume of 9.59 million shares. The stock oscillated between $3.77 and $3.88 during the session. Over the last three trading sessions and over the past one month, Alcatel-Lucent's shares have fallen by 4.24% and 1.79%, respectively. Further, the stock has lost 12.73% since the start of this year. The stock is trading above its 200-day moving average of $3.63, while the 200-day moving average is below Alcatel-Lucent's 50-day moving average of $4.01. Additionally, the stock has a Relative Strength Index (RSI) of 49.89. Sign up today to read free research on ALU at:
On Monday, Ciena Corp.'s stock recorded a trading volume of 6.73 million shares, higher than its three months average volume of 4.37 million shares. The stock ended the day at $19.63, which was 4.94% below its previous day's closing price of $20.65, and registered an intraday range of $19.16 and $20.73. Ciena Corp.'s shares have lost 4.52% in the previous three trading sessions, 11.74% in the last one month, and 17.97% on YTD basis. The company's stock is trading below its 50-day and 200-day moving averages of $22.97 and $23.19, respectively. Furthermore, shares of Ciena Corp. have an RSI of 44.00. Sign up today to read free research on CIEN at:
InterDigital Inc.'s stock finished the Monday's session 0.46% higher at $34.59. A total of 0.33 million shares were traded, which was below its three months average volume of 0.41 million shares. The stock moved between $33.96 and $34.83 during the session. Over the last one month and the previous three months, InterDigital Inc.'s shares have advanced 6.37% and 21.28%, respectively. Additionally, from the beginning of 2014, the company's stock has gained an upside of 17.29%. The company's shares are trading above its 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $32.02 is lower than its 200-day moving average of $33.68. InterDigital Inc.'s stock traded at a PE ratio of 27.37 and has an RSI of 60.78. Sign up today to read free research on IDCC at:
On Monday, Polycom Inc.'s stock fluctuated between $12.00 and $12.40 before ending the session 0.41% lower at $12.27. The stock reported a trading volume of 2.62 million shares, above its three months average volume of 2.10 million shares. Shares of the company traded at a PE ratio of 66.71. Polycom Inc.'s shares have fallen by 6.83% in the previous three trading sessions and 8.71% in the last one month, whereas the stock has gained 9.26% on YTD basis. The stock is trading above its 200-day moving average of $11.43. Moreover, shares of Polycom Inc. have an RSI of 33.51. Sign up today to read free research on PLCM at:
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