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Nuance Communications, Inc. Message Board

  • billygwa74 billygwa74 Sep 15, 2012 2:11 PM Flag


    We've had a great run along with the market. Technically, again from a turbo
    charged novice perspective, I see the next resistance point @ 27. After that,
    getting through 30 seems like maybe a tall order. Opal, does 30 look like a
    double top just like 20 was a double bottom? Hey, sure earnings, deals, and
    buyouts play a role in all this. This time I'm really thinking of buying some
    puts to protect myself if we're able to climb above 27 to 30.

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    • billy...

      Currently, the high from April 26th, $25.88, is "the next resistance point"! IT IS the next "double top", or will be if NUAN cannot rise and STAY above $25.88. Then the risk of a "triple top" occurs when/if NUAN fails to surmount the previous high

      Yes, NUAN has made a lot of progress since late July, but the challenge of the climb has just begun. The $31.15 top of February 9th [that long ago??] is miles away, in my view. One of the few occurrences that will negate my view is if/when NUAN gets bought...a 10% or 20% pop would be expected if/when that should occur. For now, let's be realistic!

      No, $31.15 will not become a double top unless NUAN hits it and does not breakthrough AND be sustained above it.

      NUAN was UP $1.34 or 5.48% on 27% more than weekly volume, about 21.78 million shares. Actually, NUAN LOST a couple of point in its R/S and is now down to "69". Hard to believe but other stock did better last week, hence the R/S decline.

      However, as I mentioned in an earlier post, NUAN's up vs down volume went UP a point to 1.1 The acc/dis still remains at a very positive "B"...but NUAN is getting into "overbought" territory. Still, a stock can go UP AND still remain overbought for quite some time.

      A consolidation may be in the offing, given the recent rise in the stock's price. The money flow was quite dramatic this past week, so that is a very good sign.

      Yet again, stocks go down a lot faster than they go up.

      Keep watching the volume...

      Sentiment: Hold

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