Monday, July 24, 2006

Watch List - Cerner Corp. NASDAQ (CERN)

CERN gapped up on earnings and Q3 guidance on Friday. The volume and ADX crossover show strong momentum. A quick look at the Time and Sales leads me to believe that we have institutional buying as I noted many large block sales early in the session. Key support areas are $38.00 followed by $37.00.

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