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ALU - Alcatel-Lucent
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[QUOTE]Originally posted by The Bigfoot: [QB] Edit Rechecked my math using daily volume totals instead of weekly and found I had exaggerated a bit. With an OS of 2.27 Billion shares and 25% of the OS held by institutions that makes the Float roughly 1.7 Billion. Trading above the $2 took place on Feb 10th with the high volume of 122 Million shares. From Feb 10 to yesterday's close puts us at 974.5 Million shares traded representing 57.4% of the float. Good market action today testing the top of our current range before falling back to rest comfortably on the 2.35 (+.03). We will see if we can test the upper line of the pennant again this afternoon. A break and sustain into the mid 2.40's is needed to break the pennant then we will need to retest the 2.50's before reaching the critical 2.60 resistance line. Still not expecting such action during a short week but liking current volume and price action. [/QB][/QUOTE]
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