Keep an eye on NUAN for a buy

[whodi]

Stock has had a nice rebound after I think it bottomed on August 7th, volume is the key in this analysis. Stock broke under its SMA50 and busted right back over it. Stock is not far off its 52 week high of 18.85, got close today but its high was 18.56. Held up nice today in today's market and I expect follow through if we have a nice day tomorrow. Stocks volume has picked up nicely the last 3 trading session. It has also had some upgrades.
Two of the biggest names on Wall Street weighed in on the prospects for Motley Fool Hidden Gems pick Nuance Communications (Nasdaq: NUAN) this morning. Both Needham & Company and Friedman Billings Ramsey gave the stock the thumbs-up. In what may be a coincidence (or perhaps not), 90 minutes after the upgrades were announced on Briefing.com, Nuance made an announcement of its own. It's issuing $220 million in convertible debentures, paying 2.75% interest and due 2027.

Now, we don't know what's got the analysts so optimistic about Nuance; media reports are mum on the issue. Just one day earlier, the debt issuance was slated to run to only $150 million. (At nearly half again as big, it seems that investors are eager to lend this company money -- a good sign in today's credit-crunched environment.) It may be that the analysts saw something they liked in yesterday's Q2 earnings news. Or, in my opinion, it may be that the stock tumbled 5% in response to that news, tempting the analysts with the prospect of a bounceback.

This was the news on Wednesday but I think we can still get a run on it. Just an FYI


http://finance.yahoo.com/charts#char...urce=undefined

[whodi]

new 52 week high, looking strong day on this weak opening.