Nuance Communications Inc. (NASDAQ: NUAN)

Please take a look at the 1-year chart of NUAN (Nuance Communciations, Inc.) below with my added notations:
NUAN has been holding a very important level of support of $18 (blue) since February of this year. No matter what the market has or has not done since then, the stock has held that $18 level. NUAN is approaching $18 again and that should provide another bounce higher, but if the overall market sells-off, NUAN could break that support.
The Tale of the Tape: NUAN has a very strong level of support at $18. A trader could enter a long position at $18 with a stop placed under the level. If the stock were to break below the support, a short position would be recommended instead.
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