Cardinal Health's most recent trend suggests a bullish bias. One trading opportunity on Cardinal Health is a Bull Put Spread using a strike $75.00 short put and a strike $70.00 long put offers a potential 5.26% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $75.00 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock dropped below the $70.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Cardinal Health is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Cardinal Health is bullish.
The RSI indicator is at 57.34 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Cardinal Health
Will Cardinal Health (CAH) Disappoint Earnings in Q1?
Tue, 28 Oct 2014 21:10:02 GMT
New Lifetime High Reached: Cardinal Health (CAH)
Tue, 28 Oct 2014 13:45:00 GMT
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Mon, 20 Oct 2014 12:42:54 GMT
noodls – Independent retail pharmacies can now leverage the power of a national pharmacy brand to further strengthen equity in their local brands DUBLIN, OHIO – October 20, 2014 – Cardinal Health today announced …
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