Cerner (CERN) NewsBite - CERN Could Be On the Move

Posted: Monday, December 08, 2008 10:38 AM EDT

Cerner (CERN) could be on the move today and is now at $37.29, up $2.41 (6.91%) on volume of 431,394 shares traded. Over the last 52 weeks the stock has ranged from a low of $30.37 to a high of $59.81. Cerner stock has been showing support around $32.26 and resistance in the $36.40 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 January out-of-the-money bull-put credit spread below the 32.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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