shomikghosh2

NUAN May Take a Shot at Gap Fill

Long
BATS:NUAN   None
0
This stock has bottomed on expanding volume in the low 13s after taking a huge drop post an earnings miss due to high expectations. Nuan continues to be in a long-term downtrend with a death cross occurring a while back that has yet to be negated. However, today with a vol-stop buy indicator, a rising RSI and MACD that looks like it has bottomed and starting to curl up towards the signal, this stock looks like it could be a buy for a gap fill above $14.91. Look for this to challenge $14.91 in the coming days and buy on a large volume rise past this level as NUAN should fill the earnings gap then. Disclosure: Long Jan 2015 10 Calls at 4.35.
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