LUMN - Collaboration with Microsoft - AI driven Datacenter

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With 450,000 route miles of fiber, Lumen Technologies is one of the United States' largest telecommunications carriers serving global enterprises. Its merger with Level 3 in 2017 and divestiture of much of its incumbent local exchange carrier, or ILEC, business in 2022 has shifted the company's operations away from its legacy consumer business and toward enterprises (now about 75% of revenue). Lumen offers businesses a full menu of communications services, providing colocation and data center services, data transportation, and end-user phone and internet service. On the consumer side, Lumen provides broadband and phone service across 37 states, where it has 4.5 million broadband customers.

Recent News:

Microsoft and Lumen Technologies partner to power the future of AI and enable digital transformation to benefit hundreds of millions of customers


Breakout Zone: $1.80

Action: If the stock breaks above this area with strong volume, it might signal a continuation of the upward trend.

We might see a pullback first to 1.30 area - where is a great entry.

Overall Market Sentiment:
Currently, the market seems to be in a correction phase. It’s crucial to consider this sentiment when making trading decisions.


Resistance Points:

$2.30
$2.70
$3.40
$4.00

Surpassing these levels could signal a positive trend. Consider taking profits at these stages to realize gains.

Trading Strategy:

Take Profit (TP): Set a target at $5.00 (full gap fill), with a potential for reaching $9.50 if market conditions are favorable.

Stop Loss (SL): Set at under $0.95 to mitigate potential losses.

Chart Analysis:
Please refer to the attached chart for detailed analysis of price trends and movements.

Trading Advisory:
Exercise caution and consider market conditions and your own risk tolerance when trading. It's advisable to conduct comprehensive research or consult with a financial advisor before engaging in trading activities.

Disclaimer: This content is for informational purposes only and should not be considered financial advice.
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massive spike!
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Todays News:

Lumen Technologies Announces It Has Secured 55B In New Business Driven By Major Demand For Connectivity Fueled By AI

Big spike in after hours!
Trade geschlossen: Ziel wurde erreicht
booom it's at 6.77 righ now - after hours
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Lumen partners with Google Cloud to power AI operations
Nov. 05, 2024 9:14 AM ET
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very nice push today - love it
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omg still pushing higher
Chart PatternsFundamental AnalysisTrend Analysis

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