Time for Investors to Take the Plunge on Cerner Corporation (NASDAQ:CERN)

Equity Research firms currently have a positive stance on shares of Cerner Corporation (NASDAQ:CERN). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 1.90. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $69.30 on a short term basis.

At the time of writing, the stock was trading at $60.79. This represents a change from the opening price of -1.03%. In terms of performance, year to date, the stock is 2.08%. The monthly stock performance comes in at -5.52%. For the quarter, shares are performing at 5.42%. Weekly performance analysis shows the equity at -0.84%.

In taking a look at technical levels, shares are trading -4.86% away from the 50 day simple moving average and 4.88% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -11.01% away from it’s 52- week high and 22.59% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Cerner Corporation’s RSI stands at 32.35. In looking at volatility levels, the shares saw weekly volatility of 1.32% and 1.46% over the past month.

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