The overall market would be in better technical shape if we found more base patterns like the one I see on NIC (EGOV).
If you can tolerate the pullbacks, EGOV has been in an uptrend this year, chart above. EGOV is now above the rising 50-day average and the longer 200-day simple moving average. The On-Balance-Volume (OBV) line has been unsure of its direction, while the Moving Average Convergence Divergence (MACD) oscillator has been above zero in recent months and looks poised to turn up.
Even a beginner chartist should be able to spot the saucer pattern in this chart, above. Prices are above the rising 40-week moving average, telling us that the trend is up. The OBV line is rising on this timeframe, indicating accumulation.
The trend-following MACD oscillator is in a bullish configuration and above the zero line. On all counts, EGOV is a technically attractive stock. We would go long EGOV on strength above $21.