Data shows Cerner in for a healthy pop

• Posted by Greg Harmon
• on April 13th, 2015

Cerner ($CERN) helps to integrate health data for doctors and healthcare organizations. So if you need to know the state of healthcare or any organization they can help. This translates to a lucrative business for the company. And the price data show the stock in a healthy run higher. Time to get involved.

The chart above shows the trend higher in the stock since December. Rising trend support has helped it along several times. Touche of that support have been good buy points along the way. But a break of consolidation at resistance can also be a buy point. This is what is happening right now. The stock price had paused under 74.65 for a month before it started higher Monday. The break is accompanied by a cross up in the MACD, a buy signal, and a RSI that is firmly in the bullish zone.

A Measured Move higher would target a run to 80.30. That is a healthy chart. Participate via the stock or consider a May 75/80 Call Spread Risk Reversal selling the May 70 Put. If you don’t know what that is I might know someone who can help out……

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