Cerner (CERN) NewsBite - CERN Upgraded By Caris & Company

Wednesday, October 22, 2008 1:51 PM EDT

Cerner (CERN) was upgraded today by analysts at Caris & Company and the stock is now at $37.55, up $2.50 (7.13%) on volume of 1,342,968 shares traded. The analyst upgraded CERN to "Above Average" from "Average" after the company reported better-than-expected earnings. Over the last 52 weeks the stock has ranged from a low of $31.41 to a high of $60.27. Cerner stock has been showing support around $33.55 and resistance in the $37.71 range. Technical indicators for the stock are bearish and S&P does not currently have a STARS rating for CERN. If you are looking for a hedged play on CERN the stock seems like it could be a candidate for a November out-of-the-money bull-put credit spread below the 32.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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