Cerner (CERN) NewsBite - CERN Hits 52-Week High

Posted: Monday, May 04, 2009 2:39 PM EDT

Cerner (NasdaqNM: CERN) hit a new 52-Week high of $55.33 so far today. Currently the stock is up $2.27 (4.31%) to $54.95 on 679,292 shares traded. Today's high is up $24.58 from a 52-Week Low of $30.37. Cerner stock has been showing support around $51.19 and resistance in the $55.25 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 June out-of-the-money bull-put credit spread below the 47.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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