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Nuance Communications, Inc. Message Board

  • opalockamishabob opalockamishabob Dec 6, 2013 9:50 PM Flag

    A "new" NUAN in the week just passed...

    Up $.72 [5.33%] on 53.3 million shares...was as high as $14.55. As impressive as this looks and sounds, all good things eventually conclude...or in NUAN's case, a consolidation.

    The absence of more hard-charging volume [money flow] the last two days could signal profit-taking. A sell-off to $13.50 would not be at all a surprise---that's where support is. In fact, the MFI has dipped the last two days.

    More evidence will be found in the fact that NUAN closed at $14.24 BOTH yesterday and today...although volume [earlier in the day] was in the +50% range. This is called "churning"; little or no price appreciation on higher volume.

    For those technically inclined, the up vs down volume is still at a quite bearish "0.7". The accumulation/distribution rating is a modestly bullish "C+", still a good sign.

    It should go without saying that since NUAN has been news-driven since CI began to take an interest, if more "news" [of a-n-y type] from OR about CI, his involvement in NUAN, or even with AAPL's Cook come to the fore, all bets are off.

    We've witnessed what effect even a hint of a headline can do to NUAN...both good and not-so-good.

    Have a wonderful weekend!

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NUAN
17.45+1.30(+8.05%)10:19 AMEST