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Look for Shares of Cerner Corp to Potentially Rebound after Yesterday's 2.20% Sell Off

By Amy Schwartz

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.

In the past 52 weeks, shares of Cerner Corp have traded between a low of $47.01 and a high of $73.86 and are now at $63.33, which is 35% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.5%.

Keywords: rebounders Cerner Corp

Ticker(s): CERN