For an $.11 gain, NUAN traded 23% more daily volume AND bounced from a low of $23.61. That's just a meager $.21 from the day's high. Is NUAN being bought on the dips?
No pattern apparent just yet, so we'll need to see just how it unfolds.
Nice chart, by the way. Double bottom with a "handle" forming...
For anyone contemplating adding to their position on any breakout, the "buy point" will be $24.76.
Just make sure that when NUAN does break to the upside, that there is significant volume [at least 40% above normal daily volume] to move it up. This indicates that NUAN has got some of the big guns in there buying also.