by Sam Collins | July 9, 2012 6:54 am
Cerner (NASDAQ:CERN) — 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 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, 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.
Source URL: http://investorplace.com/2012/07/trade-of-the-day-cerner-nasdaq-cern-2/
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