Let Cerner Fall Into Your Lap

by Sam Collins | July 9, 2012 6:54 am

Let Cerner Fall Into Your Lap

Cerner (NASDAQ:CERN[1]) — This leading supplier of health care information technology is in a powerful bull channel that began in November 2010.

We have recommended the stock before. First, on Oct. 21[2] at about $66 with a target of $75. It made it to over $78 in March, and then ran to a high of over $84 after crushing analysts’ Q1 estimates. Then, on May 21[3], it was recommended to buy on a pullback to $75 and it ran to over $88.

Now CERN has turned from the top of its bull channel, so try to buy it on a pullback to around $80. Our target is still at $95. Note the high volatility of this stock, which can be an advantage to the trader and long-term buyer. But don’t chase this stock. Let it come to you.

07 09 12 cern 300x208 Let Cerner Fall Into Your Lap
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chart key Let Cerner Fall Into Your Lap

Endnotes:
  1. CERN: http://studio-5.financialcontent.com/investplace/quote?Symbol=CERN
  2. on Oct. 21: http://investorplace.com/2011/10/trade-of-the-day-cerner-corp-nasdaq-cern/
  3. on May 21: http://investorplace.com/2012/05/trade-of-the-day-cerner/

Source URL: http://investorplace.com/2012/07/trade-of-the-day-cerner-nasdaq-cern-2/
Short URL: http://invstplc.com/1fP7VaZ