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Cerner Corp Set to Possibly Rebound After Yesterday's Selloff of 1.08%

By James Quinn

Cerner Corp (NASDAQ:CERN) traded in a range yesterday that spanned from a low of $70.60 to a high of $71.90. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $71.49 on volume of 1.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Cerner Corp share prices have moved between a 52-week high of $73.24 and a 52-week low of $48.78 and are now trading 45% above that low price at $70.80 per share. The 200-day and 50-day moving averages have moved 0.16% higher and 1.35% higher over the past week, respectively.

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 27.8%. We continue to monitor CERN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders Cerner Corp

Ticker(s): CERN