Many “old tech” names have been doing well recently with the likes of YHOO and DVMT higher by 30% and 18% YTD respectively. Of course some have faltered and then there are names that were somewhat forgotten but are on the comeback trail and today we look at one in NUAN. It is among the software group which has many winners such as ADSK MOMO and SHOP to name a few. The stock has thus far registered a gain of 27% in 2017 and has now produced three straight positive earnings reactions. Directly below we look at how we profiled the name in our Wednesday 5/3 Game Plan and after that a present take.
Stocks that can be bought as they pullback into bullish ascending triangle breakouts are NUAN. NUAN is a software play higher by 21% YTD and 5% over last one year period. Earnings momentum is headed in right direction with back to back positive reactions higher by 4.5 and 8.7% on 2/8 and 11/18 after losses of 10.3 and 2.8% on 8/9 and 5/11 (it REPORTS 5/10 after close). The stock higher 11 of last 18 weeks and just now pushing through big 25% combined gain the two weeks ending between 11/11-18 and holding firm and is still working on long weekly cup base trigger of 21.93 that began week ending 12/4/15. NUAN recorded a nice move above bullish ascending triangle breakout through a 17.50 trigger and enter on pullback at 17.75.