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Recent 52-Week High Exceeded in Shares of Cerner Corp (CERN)

By Nick Russo

Cerner Corp (NASDAQ:CERN) traded at a new 52-week high today of $68.92. This new high was reached on below average trading volume as 449,000 shares traded hands, while the average 30-day volume is approximately 2.7 million shares.

Cerner Corp (NASDAQ:CERN) defies analysts with a current price ($68.92) 6.4% above its average consensus price target of $64.53. The stock should find initial support at its 200-day moving average (MA) of $59.37 and further support at its 50-day MA of $59.33.

Cerner Corp share prices have moved between a 52-week high of $68.92 and a 52-week low of $48.78 and are now trading 41% above that low price at $68.92 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.3%.

Cerner Corporation is a worldwide supplier of healthcare solutions and services. The Company's solutions are designed to optimize clinical and financial outcomes for healthcare organizations ranging from single-doctor practices, to health systems, to entire countries, for the pharmaceutical and medical device industries, and for the healthcare commerce system.

SmarTrend recommended that subscribers consider buying shares of Cerner Corp on February 5th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $55.91. Since that recommendation, shares of Cerner Corp have risen 21.6%. We continue to monitor CERN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Cerner Corp

Ticker(s): CERN