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JimVanMeerten (61.92)

Healthcare needs Cerner (CERN)

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September 23, 2009 – Comments (0) | RELATED TICKERS: CERN

Cerner Corp (CERN) is followed on Financial Tides and is part for my Marketocracy S&P 400 Fund, CERN designs, develops. markets, installs and supports information technology and content solutions for health care organizations and consumers. They assist health care providers to improve operations, reduce costs and improve the quality for care provided. Isn't that what President Obama wants?

The stock has gotten recent buzz on MSN Fast Money and is said to be on Dell's short acquisition list by Lee Brodie editor of that site. The company is also followed by 20 analyst and has recently been upgraded by Auriga. Most analyst are predicting higher revenue and improvement of their 17.7% Operating Margin. A nice fundamental stock.

On the technical analysis side BarChart has a BUY on 12 of its 13 TA indicators with only 1 HOLD for an overall BUY rating of 96%, The stock has hit 12 new highs in the last 20 trading sessions and recently hit 4 of the last 5. The 65 day price appreciation has been 22%

Recommendation: BUY around 74 with a stop loss at 65.

Jim Van Meerten is a full time investor who blogs on Financial Tides as well as MSN Top Stock Blogs and Seeking Alpha.

Disclosure: I do not hold any physical position in any of the stocks I blog about but I have this as a position in my Marketocracy S&P 400 Fund.

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