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After Yesterday's Decline of 2.20%, Cerner Corp Offers Investors Better Value

By David Diaz

Cerner Corp (NASDAQ:CERN) traded in a range yesterday that spanned from a low of $63.12 to a high of $64.95. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $63.40 on volume of 732,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Cerner Corp and will alert subscribers who have CERN in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Cerner Corp has traded in a range of $47.01 to $73.86 and is now at $63.33, 35% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 0.7%.

Keywords: rebounders Cerner Corp

Ticker(s): CERN