The last time we looked at the charts of Cerner Corp (CERN) was way, way back on October 17, 2017 where we wrote that "I would go long CERN at current levels and on strength... look for gains to the $90 area in the months ahead."
The $90 price target came from a Point and Figure chart which focuses on price and ignores time and volume. CERN has had many up and down swings over the years but finally the target has been reached.
In this daily bar chart of CERN, below, we can see that prices have reached that long ago target price on a buyout bid from Oracle ( ORCL) . Our strategy now is simple - take profits.
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