Cerner Corporation Momentum Squeeze On Awesome Revenue Growth

The stock chart of Cerner Corporation shows a momentum squeeze candidate on excellent sales growth and new business from the Carolinas HealthCare System (CHS).

Cerner announced on June 21, 2017, that the Carolinas HealthCare System (CHS) has selected Cerner’s HealtheIntent public health management platform to organize and manage care for its more than 12 million individual interactions every year across its facilities and clinically integrated network, Carolinas Physician Alliance (CPA).

HealtheIntent is intended to aggregate data in real-time from several sources to produce a single, comprehensive view of someone’s experiences throughout the continuum of health and care.

The objective is to equip medical professionals with a holistic and timely picture of a patient’s connections through CHS, in addition to provide system wide insights to ultimately improve quality of care and reduce costs for the entire CHS patient population.

Cerner Corporation Stock Chart

CERN presents a good setup pattern. Prices have been consolidating lately and a momentum squeeze has formed on the chart.

There is a resistance zone just above the current price starting at 68.32. Right above this resistance zone may be a good entry point in Cerner Corporation. There is a support zone below the current price at 67.04, a stop order could be placed below this zone.

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