NUAN _ retesting breakout support (weekly chart)

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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