Cerner (CERN) NewsBite - Trading With Unusual Volume

Posted: Thursday, March 12, 2009 3:09 PM EDT

Cerner (CERN) appears to be trading at a higher than usual volume today and is now at $43.77, up $2.29 (5.52%) on volume of 2,906,214 shares traded. For the last 30 days CERN has traded 1,466,060 shares on average each day. So far today's volume is 98.23% above that average volume. Over the last 52 weeks the stock has ranged from a low of $30.37 to a high of $50.00. Cerner stock has been showing support around $36.81 and resistance in the $43.87 range. Technical indicators for the stock are neutral 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 an April out-of-the-money bull-put credit spread below the 37.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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