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Bearish Moving Average Cross by Cerner (CERN)

By Nick Russo

Today, shares of Cerner (NASDAQ:CERN) have crossed bearishly below their 10-day moving average of $64.67 on a volume of 248K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Cerner has traded in a range of $49.59 to $75.00 and is now at $64.55, 30% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.5%.

SmarTrend recommended that subscribers consider buying shares of Cerner on June 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $57.08. Since that recommendation, shares of Cerner have risen 13.9%. We continue to monitor CERN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses cerner

Ticker(s): CERN