Nuance Communications Inc.
Despite a sharply higher open, it retreated only $0.06 to $16.61 before resuming its move higher. It has continued to make new highs for the session, with the current one standing at $17.22. That level is just shy of its June 10 high ($17.28).
If the rally continues, there may be additional resistance at its June 9 high ($17.48). The issue is attempting to post its first close over $17.00 since June 10, when it ended the session at $17.03.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.