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Look for Shares of Cerner Corp to Potentially Rebound after Yesterday's 1.27% Sell Off

By David Diaz

Cerner Corp (NASDAQ:CERN) traded in a range yesterday that spanned from a low of $66.26 to a high of $67.01. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $66.76 on volume of 547,000 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 $76.47 and a 52-week low of $48.78 and are now trading 37% above that low price at $66.70 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has remained constant.

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.

Keywords: rebounders Cerner Corp

Ticker(s): CERN