Don't Ignore This Chart

Cerner Corp Tests Key Price Support

It's always nice to go back to the basics of technical analysis.  Broken resistance becomes support.  That's currently the case with Cerner Corp (CERN) where the stock recently cleared price resistance just above 65.00 and, with recent profit taking, we've seen a return to that price support level.  There's also a nice 2017 uptrend in play that shows multiple touches and CERN is slightly above that trendline support as well.  Here's the chart:

Should 65 price and trendline support fail to hold, the next key level for CERN would be gap support just above 62.

Happy trading!

Tom

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