Bullish Moving Average Cross by Cerner (CERN)
Cerner (NASDAQ:CERN) shares have crossed bullishly above their 10-day moving average of $61.13 on a volume of 144K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher 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 $61.44, 24% 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 its subscribers protect gains by selling shares of Cerner on September 9th, 2016 by issuing a Downtrend alert when the shares were trading at $63.06. Since that call, shares of Cerner have fallen 3.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses cerner