CERNER (Nasdaq:CERN): Bad news again
Cerner was trying to break upper trendline of the descending channel today. However, the technical appearance of Cerner is very weak (remember what I wrote last February, 1 – read more -) and the breakout has been impossible.
Stock price has to close over $50 to improve technical appearance. Afterwards, it has to fill the bearish gap (February,1). But stock price can drop again if the lower trendline of the ascending channel since February,4 is broken.