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SmarTrend Watching for Potential Pullback in Shares of Nuance Communica After 1.49% Gain

By James Quinn

Nuance Communica (NASDAQ:NUAN) traded in a range yesterday that spanned from a low of $22.65 to a high of $23.20. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $22.90 on volume of 1.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Nuance Communica have traded between a low of $14.02 and a high of $22.90 and are now at $22.84, which is 63% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 2.1%.

SmarTrend is tracking the current trend status for Nuance Communica and will alert subscribers who have NUAN in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders nuance communica

Ticker(s): NUAN