Nuance Communications (NUAN) is the ‘Chart of the Day’

NEW YORK (TheStreet) -- Shares of Nuance Communications Inc. (NUAN) are higher by 1.62% to $18.18 in early afternoon trading on Thursday.

Based in Burlington, MA, Nuance communications is a software technology corporation that provides businesses and customers across the world with voice and language solutions.

TheStreet's Bryan Ashenberg and Bob Lang of Trifecta Stocks have identified Nuance Communications as the "Chart of the Day." Here is what Ashenberg and Lang had to say about it:

Nuance Communications' chart shows a stair-step pattern of higher highs and higher lows. This shows the classic cup-handle patterns that have been the best chart patterns throughout history.

This stock is showing some amazing qualities here as the uptrend started in late April. Strong turnover and very solid technical signals have Nuance poised for more upside.

The recent breakout on higher volume consolidated for a few days and is now ready to push toward the $20 level. Relative Strength has been impressive since April. The strongest stocks get the money flows.

Want more like this from Bryan Ashenberg and Bob Lang BEFORE your stock moves? Learn more about Trifecta Stocks now!

Separately, TheStreet Ratings team rates NUANCE COMMUNICATIONS INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate NUANCE COMMUNICATIONS INC (NUAN) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we find that the company's return on equity has been disappointing."

You can view the full analysis from the report here: NUAN Ratings Report

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