Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Alcatel-Lucent, S.A. (ALU) Technical Analysis For Friday, June 1, 2012

|Includes: Nokia Corporation (NOK)

ALU has solid support at $1.40. After a nice move to $1.71, the chart is pulling back and finding some support at $1.50, which will be a point that technical traders will look to hold for a new higher low to be made.

To view the video chart, visit the following link:

Please see disclaimer on the MissionIR website