Alcatel Lucent SA (ADR) (NYSE: ALU), a provider of networking and communications technology, products and services to services providers, enterprises and government worldwide, is up sharply in mid-day trading today, paring some of the losses from the previous trading sessions.
ALU is currently trading 3.59% higher at $1.62 on volume of 18.19 million, which is below the daily average volume of 21.10 million. ALU has gained 20% in the last five trading sessions.
Earlier this week, Goldman Sachs analyst Simon Schafer removed ALU from Conviction List as a Sell although the analyst still has a Sell rating on the stock. ALU has risen sharply in the last one month after the company signed a financing agreement.
AuRico Gold Inc. (NYSE: AUQ), a Canada-based gold producer with a diversified portfolio of mines and projects in North America, is up sharply in mid-day trading today. At last check, AUQ was trading 2.98% higher at $8.29 on volume of 1.86 million, which is below the daily average volume of 2.39 million.
AUQ has gained more than 6.5% in the last five trading sessions. AUQ is trading close to $8.50 resistance level. A strong bullish trend will be established if the stock breaks through this level. The stock currently has strong support at around $8.
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