Nuance Communications (NUAN) : Traders are bullish on Nuance Communications (NUAN) as it has outperformed the S&P 500 by a wide margin of 0.34% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.43% in the last 1 week, and is up 2.84% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Nuance Communications (NASDAQ:NUAN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.85 and $15.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.37. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.30, notching a gain of 3.03% for the day. The total traded volume was 4,076,137 . The stock had closed at $15.82 on the previous day.
The stock has recorded a 20-day Moving Average of 1.65% and the 50-Day Moving Average is 0.78%. Nuance Communications, Inc. has dropped 3.15% during the last 3-month period . Year-to-Date the stock performance stands at -18.05%.
Nuance Communications (NUAN) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $30 and the lowest price target forecast is $18. The average forecast of all the analysts is $23.57 and the expected standard deviation is $4.32.
Nuance Communications, Inc. is a provider of voice and language solutions for businesses and consumers across the world. The Companys solutions are used in healthcare, mobile, consumer, enterprise customer service, and imaging markets. The Company offers accuracy, natural language understanding capability, domain knowledge and implementation capabilities. The Companys solutions are based on the Companys voice and language platform and are used by businesses for tasks and services, such as requesting information from a phone-based self-service solution, dictating medical records, searching the mobile Web by voice, entering a destination into a navigation system, or working with portable document format (PDF) documents. The Company offers its solutions to its customers in a range of ways, including through products, hosting, professional services and maintenance and support. The Company operates in four segments: Healthcare, Mobile and Consumer, Enterprise, and Imaging.