NUAN base breakout
This weekly chart goes back 5 years to 2006 and reveals an illiquid and volatile stock. There are many 15% and 20% ranges in one week. The breakout to all time highs from a multi-year base pattern from 23 down to under 7 is a positive sign especially amidst a market that is struggling. The story about NUAN relates to voice-recognition software related to the Apple iPhone 4S. Stop loss strategy: A very wide stop of 7.5 points (roughly 3 average weekly ranges, subtracted from the close today). Enter a quantity where you would only lose 1% of your portfolio value if the stock fell to the stop loss.
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