Chart of the Day: Nuance Communications (NUAN)

Nuance Communications (NUAN) has surged since it hit its 52-week low in March.  Not only has it regained all of it’s losses but it’s surpassed its previous 52-week high and is now consolidating near all-time highs…

Nuance Communications (NUAN) is the pioneer in conversational Artificial Intelligence (AI) innovations that bring intelligence to everyday work and life. The company delivers solutions that understand, analyze, and respond to people amplifying human intelligence to increase productivity and security.

Last month at the Society for Imaging Informatics in Medicine virtual annual meeting, NUAN announced that the Nuance® AI Marketplace for Diagnostic Imaging is accelerating AI adoption for radiologists at leading US healthcare systems. This should serve as a catalyst for future growth prospects.

As you can see in the 1-year chart below, NUAN has been consolidating under its 52-week and all-time high of $26 (red) and a resistance level as formed…

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