timwest

NUAN _ retesting breakout support (weekly chart)

NASDAQ:NUAN   NUANCE COMMUNICATIONS INC
547 7 3
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 volume 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 average daily ranges down from entry) profit parameters (target 3 and 5 average daily ranges up from entry). I think the odds are better than average for this pattern and fundamental scenario.
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timwest PRO
5 years ago
4:15 PM Nuance Communications (NUAN): FQ4 EPS of $0.42 beats by $0.01. Revenue of $400M (+23% Y/Y) beats by $7M.
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timwest PRO
5 years ago
So far, so good. NUAN has reacted solidly at key support to confirm the pattern. Cheers.
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charttrader PRO
5 years ago
following this idea
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timwest PRO charttrader
5 years ago
NUAN is still following the projected path....
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timwest PRO
5 years ago
NUAN is still going along the path outlined in this chart.
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timwest PRO
5 years ago
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
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charttrader PRO timwest
4 years ago
Almost perfect!
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