Cerner (CERN) NewsBite - CERN Downgraded By Deutsche Securities

Posted: Monday, March 23, 2009 10:59 AM EDT

Cerner (CERN) was downgraded today by analysts at Deutsche Securities and the stock is now at $41.91, down $1.06 (-2.47%) on volume of 933,192 shares traded. The analysts downgrade CERN to Hold from Buy. 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 $41.72 and resistance in the $45.46 range. Technical indicators for the stock are bullish 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 May out-of-the-money bear-call credit spread above the 47.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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