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Pullback in CERN Makes it a Steal

Health care stock Cerner Corp. is in a powerful bull channel

   

Cerner Corp. (NASDAQ:CERN) — This leading supplier of health care information technology is in a powerful bull channel that began last November.

Analysts expect revenues to increase 14% in 2011, and they expect similar results in 2012. S&P recently upgraded their opinion to a “four-star buy” recommendation with a target of $80. They estimate a three-year earnings growth rate of 24%.

CERN made a new high in September at over $74. The recent pullback to under $66 appears to be an excellent price to purchase shares of this high-growth investment as a long-term hold or a trade to $75.

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chart key Pullback in CERN Makes it a Steal

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Article printed from InvestorPlace Media, http://investorplace.com/2011/10/trade-of-the-day-cerner-corp-nasdaq-cern/.

©2014 InvestorPlace Media, LLC

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