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JimVanMeerten (62.60)

Nuance Communications might soar

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September 14, 2011 – Comments (0) | RELATED TICKERS: NUAN

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Nuance Communications (NUAN) is a voice recognition software company that seems to be at the right place at the right time and has a price momentum that is at a turning point.  Phones, tablets, PCs, laptops and even automobiles are all beginning to use voice recognition software and this industry is growing.  A look at thisBarchart of hourly trading activity over the last month shows promise:

Barchart technical indicators:

1 - Although many technical indicators are still on a sell signal, sell signals are getting weaker and buy signals are strengthening

2 - 56% Barchart technical sell signal - weakening

3 - Trend Spotter sell signal - weakening

4 - Above its 20 day moving average but still below its 50 and 100 day moving averages

5 - Relative Strength Signal is 50.27 and rising

6 - Barchart computes a technical support level at 17.44

7 - Recently traded at 18.02 which is below its 50 day moving average of 19.10


Summary:  Nuanace Communication (NUAN) is at the center of the voice communication and voice recognition software industry.  We've seen computer go from numbers, to words and now to voice/verbal input.  I think this is a very timely buy and predict that an acquisition of this stock at today's price could see an annual total return of 14% to 16% to lucky investors.


Jim Van Meerten is a Marketocracy Master

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