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Nuance Stock Enters Watchlist Territory With Improved RS Rating

When looking for the best stocks to buy and watch, focus on those with rising relative price strength. One stock that fits that bill is Nuance Communications (NUAN), which had its Relative Strength (RS) Rating upgraded from 77 to 81 Thursday. Its over-80 RS Rating makes Nuance stock a candidate for your watchlist.




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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s proprietary RS Rating tracks technical performance by showing how a stock’s price movement over the last 52 weeks measures up against that of other stocks on the major indexes.

Decades of market research shows that the best-performing stocks typically have an 80 or better RS Rating as they launch their biggest climbs.


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Is Nuance Stock A Buy?

Nuance stock is working on a consolidation with a 51.72 entry. See if it can clear the breakout price in heavy trade. Keep in mind that it’s a later-stage consolidation, and those entail more risk.

Although earnings and sales growth came in at -9% and -4%, respectively, in the latest report, that marked one quarter of improvement for EPS and two for revenue. The Burlington, Mass.-based software company is expected to release its next quarterly numbers on or around May 7.

Nuance stock earns the No. 4 rank among its peers in the Computer Software-Desktop industry group. Cerence (CRNC) and Adobe (ADBE) are also among the group’s highest-rated stocks.

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