I have not reviewed the charts of Nuance Communications (NUAN) since Nov. 21, 2019, when I wrote that "Big bases or long bases can produce big rallies, so I am very interested in NUAN. The big base on the second weekly bar chart and the quantitative upgrade to buy suggest that NUAN is ready for a big move up. Traders and investors could go long at current levels risking a close below $16 for now."
More from Investing
There are reasons why AMD and many chip equipment stocks closed higher on Friday, even as Intel's shares tumbled.
But by day's end many names rebounded, even if the S&P 500 finished with a small loss that broke its winning streak.
We're updating our bullish technical strategy for Zscaler stock.
Momentum is one thing. Outright insanity is another.