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SmarTrend Watching for Potential Pullback in Shares of Cerner Corp After 1.09% Gain

By Shiri Gupta

Cerner Corp (NASDAQ:CERN) traded in a range yesterday that spanned from a low of $69.59 to a high of $70.29. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $69.92 on volume of 230,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Cerner Corp has traded in a range of $48.78 to $76.47 and is now at $70.20, 44% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.5% 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