How the price action of Cerner (CERN) is used to our Advantage

May 25, 2022, 01:45 am ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Cerner (NASDAQ: CERN) data table below can help you with price action, and we have more details too. Trading plans for CERN are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for CERN

• Buy CERN slightly over 93.06 target 99.01 stop loss @ 92.79 Details

The technical summary data tells us to buy CERN near 93.06 with an upside target of 99.01. This data also tells us to set a stop loss @ 92.79 to protect against excessive loss in case the stock begins to move against the trade. 93.06 is the first level of support below 94.44 , and by rule, any test of support is a buy signal. In this case, support 93.06 is being tested, a buy signal would exist.

• Short CERN under 99.01, target 93.06, stop loss @ 99.3 Details

The technical summary data is suggesting a short of CERN as it gets near 99.01 with a downside target of 93.06. We should have a stop loss in place at 99.3though. 99.01 is the first level of resistance above 94.44, and by rule, any test of resistance is a short signal. In this case, if resistance 99.01 is being tested, a short signal would exist.

Swing Trading Plans for CERN

• Buy CERN slightly over 99.01, target n/a, Stop Loss @ 98.72 Details

If 99.01 begins to break higher, the technical summary data tells us to buy CERN just slightly over 99.01, with an upside target of n/a. The data also tells us to set a stop loss @ 98.72 in case the stock turns against the trade. 99.01 is the first level of resistance above 94.44, and by rule, any break above resistance is a buy signal. In this case, 99.01, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CERN near 99.01, target 94.40, Stop Loss @ 99.3. Details

The technical summary data is suggesting a short of CERN if it tests 99.01 with a downside target of 94.40. We should have a stop loss in place at 99.3 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 99.01, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for CERN

• Buy CERN slightly over 99.01, target n/a, Stop Loss @ 98.78 Details

If 99.01 begins to break higher, the technical summary data tells us to buy CERN just slightly over 99.01, with an upside target of n/a. The data also tells us to set a stop loss @ 98.78 in case the stock turns against the trade. 99.01 is the first level of resistance above 94.44, and by rule, any break above resistance is a buy signal. In this case, 99.01, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CERN near 99.01, target 94.40, Stop Loss @ 99.24. Details

The technical summary data is suggesting a short of CERN if it tests 99.01 with a downside target of 94.40. We should have a stop loss in place at 99.24 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 99.01, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

CERN Ratings for May 25:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	86.46
P2	94.02	93.96	93.06
P3	94.37	94.40	99.01

Support and Resistance Plot Chart for CERN

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