Nuance Communications (NUAN) NewsBite - NUAN Downgraded By Wedbush Morgan
Oct 21, 2009 (Fresh Brewed Media via COMTEX) --
Nuance Communications (NUAN) was downgraded today by analysts at Wedbush Morgan and the stock is now at $14.85, down $0.73 (-4.69%) on volume of 3,212,610 shares traded. The analysts downgraded NUAN to Neutral from Outperform. Over the last 52 weeks the stock has ranged from a low of $6.18 to a high of $15.86. Nuance Communications stock has been showing support around $15.29 and resistance in the $15.77 range. Technical indicators for the stock are bullish and S&P does not currently have a STARS rating for NUAN. If you are looking for a hedged play on NUAN the stock seems like it could be a candidate for a January out-of-the-money bear-call credit spread above the 17.50 range.
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