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Cerner(CERN - Get Report) designs, develops, markets, installs, hosts and supports health care information technology, health care devices and content solutions for healthcare organizations and consumers. This stock is trading up 4% at $76.48 in recent trading.
Today's Volume: 2.1 million
Average Volume: 1.3 million
Volume % Change: 115%
>>5 Rocket Stocks Ready to Rally
From a technical perspective, CERN is ripping higher here with above-average volume right above its 200 and 50-day moving averages. This move is quickly pushing CERN within range of triggering a major breakout trade. That trade will hit once CERN manages to clear some near-term overhead resistance levels at $76.17 to $78.53 with high volume. At last check, CERN has hit an intraday high of $78.08 and volume is tracking in well above its three-month average action of 1.3 million shares.
Traders should now look for long-biased trades in CERN as long as it's trending above $76.17, and then once it sustains a move or close above $78.53 with volume that's near or above 1.3 million shares. If that breakout triggers soon, then CERN will have a great chance to re-test or possibly take out its next significant overhead resistance levels at $83.97 to $88.32.
To see more stocks rising on unusual volume, check out the
Stocks Rising on Unusual Volume portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.