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Upgrade Alert for Cerner (CERN)

By Nick Russo

Cerner (NASDAQ:CERN) was upgraded from Neutral to Buy at SunTrust today. The stock closed yesterday at $56.89 on volume of 2.6 million shares, above average daily volume of 2.0 million.

Cerner Corporation designs, develops, markets, installs, and supports information technology and content solutions for healthcare organizations and consumers. The Company's systems, implemented on a member or patient, accumulate data on care provided and provide access for users of clinical information.

In the past 52 weeks, Cerner share prices have been bracketed by a low of $49.59 and a high of $75.00 and closed yesterday at $56.89, 15% 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%.

There is potential upside of 23.4% for shares of Cerner based on a current price of $56.89 and an average consensus analyst price target of $70.22. Cerner shares should encounter resistance at the 200-day moving average (MA) of $59.38 and support at the 50-day MA of $54.52.

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

Keywords: analyst upgrades/downgrades cerner

Ticker(s): CERN