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

Posted: Monday, June 29, 2009 1:08 PM EDT

Cerner (NasdaqNM: CERN) hit a new 52-Week high of $64.57 so far today. Currently the stock is up $2.68 (4.35%) to $64.27 on 884,973 shares traded. Today's high is up $33.90 from a 52-Week Low of $30.37. Cerner stock has been showing support around $58.84 and resistance in the $63.58 range. Technical indicators for the stock are bullsih 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 August out-of-the-money bull-put credit spread below the 52.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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