Once again, Wallstrip delivers with today's episode on Nuance Communications (NUAN). Since they provided the background of the company, I thought I'd take a moment to share my technical viewpoint on NUAN.

This stock has a strong chart. NUAN began with a moderate uptrend, which moved into an accelerated uptrend. The stock recently managed to push through previous resistance at 13.50 on heavy volume, making 13.50 a new found support level. NUAN recently pulled back and tested the 13.50 support area successfully.



Considering the overall uncertainty in the market place, I am hesitant to take on any new positions. That said, NUAN looks worth while on the long side. I plan to watch this for a few more days considering this mornings weakness, but will be ready to jump in if the technicals prove worthy.

Andy Swan is co-founder and head trader for DaytradeTeam.com. To get all of Andy's day trading, swing trading, and options trading alerts in real time, subscribe to a one-week, all-inclusive trial membership to DaytradeTeam by clicking here.