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Cerner Bearish Moving Average Crossover Alert (CERN)

By Nick Russo

Today, shares of Cerner (NASDAQ:CERN) have fallen below their 10-day MA of $62.08 on a volume of 300K shares. This may provide swing traders with 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 $61.72, 24% above that low. The 200-day and 50-day moving averages have moved 0.51% lower and 0.69% higher over the past week, respectively.

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 9.0%. 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