Nuance Communications

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Nuance Communications ( NUAN) is a provider of voice and language solutions for businesses and consumers around the world. This stock is trading up 6.3% at $23.00 in recent trading.

Today's Volume: 5.8 million

Average Volume: 3.9 million

Volume % Change: 144%

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From a technical perspective, NUAN is bouncing hard here right off its 50-day moving average of $21.56 with monster volume. This move is quickly pushing NUAN within range of triggering a near-term breakout trade. That trade will hit once NUAN clears some overhead resistance at $24 and its 200-day moving average of $24.44 with high volume.

Traders should now look for long-biased trades once NUAN sustains a move or close above those levels with volume that's near or above 3,938,040 shares. If we get that action soon, then NUAN will have a great chance of re-testing and possibly taking out its next major overhead resistance levels at $25.88 to $26.85.

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