Cerner (CERN) NewsBite - CERN Is On the Move

Posted: Monday, June 01, 2009 10:32 AM EDT

Cerner (CERN) appears to be on the move today and is now at $58.93, up $0.64 (1.10%) on volume of 147,984 shares traded. CERN was covered in a Vic Wisemann report today. To read the report, go to www.gotomic.com/vw060109 . Over the last 52 weeks the stock has ranged from a low of $30.37 to a high of $60.00. Cerner stock has been showing support around $55.35 and resistance in the $60.49 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 July out-of-the-money bull-put credit spread below the 52.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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