LONDON, October 4, 2013 /PRNewswire/ --
On Thursday, October 3, 2013, all three benchmark indexes of the US equity market closed lower, with the Dow Jones Industrial Average, the S&P 500, and the NASDAQ Composite falling by 0.90%, 0.90%, and 1.07%, respectively. Shares in the communication equipment industry edged lower, as the U.S. equity market declined. The major movers included QUALCOMM Inc. (NASDAQ: QCOM), Alcatel-Lucent S.A. (NYSE: ALU), Tellabs Inc. (NASDAQ: TLAB), and Sonus Networks Inc. (NASDAQ: SONS). AAAResearchReports.com has completed their technical analysis on QCOM, ALU, TLAB, and SONS and these free reports are accessible by registering at:
Shares in QUALCOMM Inc. declined on Thursday, tracking losses in the broader market. The company's shares fluctuated between $66.70 and $67.72 before closing the day 0.84% lower at $67.11. A total of 6.16 million shares were traded, which is less than the daily average volume of 11.98 million. Despite Thursday's losses, the company's shares have advanced 10.18% in the previous three months, outperforming the S&P 500 which has gained 3.92% during the same period. Further, the company's stock is currently trading above its 200-day moving average of $64.79. Sign up for free technical research on QCOM at:
On Thursday, Alcatel-Lucent S.A.'s stock hit a new 52-week high of $4.02 before slipping and closing the day at $3.92, which is 1.75% lower than the previous day's closing price of $3.99. A total of 31.69 million shares were traded, which is above the daily average volume of 18.92 million. The company's shares have rallied 122.73% in the last three months and 37.06% in the previous one month, compared to a gain of 3.92% and 2.37% in the S&P 500 during the same period. Additionally, Alcatel-Lucent S.A.'s stock is trading above its 50-day and 200-day moving averages of $3.13 and $2.08, respectively. Be sure to read our latest technical research on ALU by registering at:
Shares in Tellabs Inc. fell sharply on Thursday as the U.S. equity market edged lower. The company's shares fluctuated between $2.29 and $2.37 before closing the day 2.34% lower at $2.30. A total of 2.35 million shares were traded, which is more than the daily average volume of 2.30 million. The company's shares have advanced 11.41% in the previous three months and 1.06% in the last three trading sessions, outperforming the S&P 500 which has gained 3.92% and lost 0.17% during the respective periods. Furthermore, the company's stock is currently trading above its 200-day moving average of $2.16. Sign up and read the complimentary report on TLAB at:
Sonus Networks Inc.'s shares fell sharply on Thursday as the broader market finished on a negative note. The company's shares fluctuated between $3.31 and $3.40 before finishing the day 1.18% lower at $3.35. A total of 1.47 million shares were traded, which is below the daily average volume of 2.12 million. Despite Thursday's pullback, the company's shares have advanced 12.42 % in the previous three months, compared to a gain of 3.92% in the S&P 500 during the same period. Moreover, Sonus Networks Inc.'s stock is trading above its 200-day moving average of $3.01. The free report on SONS can be downloaded by signing up now at:
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SOURCE AAA Research Reports