NASDAQ:NUAN NUANCE COMMUNICATIONS INC
NUAN is the provider of the Siri assistant to the Apple iPhone and broke out around the time of the release of the G4. Now it is in a retesting phase and is a lower-risk entry here. Notice how is lower on the decline than on the rally, signifying profit-taking by traders, and resting by long term investors. As time develops and the fundamentals confirm the anticipation, NUAN may go on to another run to the highs and beyond. Stop loss parameters (use 3 daily ranges down from entry) profit parameters (target 3 and 5 daily ranges up from entry). I think the odds are better than for this pattern and fundamental scenario.
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This stock is still progressing along the projected outline. Not perfect, but not badly either. It could be setting up for another low-risk entry on the long side here in the next few weeks after the volatility drops and you see a weekly range of less than 2 pts. Cheers. Tim Sun, 8:57PM EST Feb 12, 2012