Cardinal Health (CAH) Offering Possible 8.7% Return Over the Next 22 Calendar Days

Cardinal Health's most recent trend suggests a bearish bias. One trading opportunity on Cardinal Health is a Bear Call Spread using a strike $66.00 short call and a strike $71.00 long call offers a potential 8.7% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $66.00 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock rose above the $71.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Cardinal Health is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Cardinal Health is bearish.

The RSI indicator is below 20 which suggests that the stock is in oversold territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Cardinal Health

Cardinal Health: Cramer's Top Takeaways
Wed, 23 Aug 2017 00:23:00 +0000
George Barrett, chairman and CEO of Cardinal Health, tells Jim Cramer he sees significant growth in 2019 and beyond.

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Tue, 22 Aug 2017 23:17:00 +0000
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Tue, 22 Aug 2017 22:59:52 +0000
Jim Cramer has his eyes on an energy asset sale that could make major waves on Wall Street.

See what the IHS Markit Score report has to say about Cardinal Health Inc.
Tue, 22 Aug 2017 12:01:21 +0000
Cardinal Health Inc NYSE:CAH

Cardinal Health, Inc. :CAH-US: Earnings Analysis: Q4, 2017 By the Numbers : August 21, 2017
Mon, 21 Aug 2017 16:27:58 +0000
Categories: Yahoo FinanceGet free summary analysis Cardinal Health, Inc. reports financial results for the quarter ended June 30, 2017. We analyze the earnings along side the following peers of Cardinal Health, Inc. – McKesson Corporation, AmerisourceBergen Corporation, Henry Schein, Inc., CVS Health Corporation, Herbalife Ltd., Owens & Minor, Inc., Teleflex Incorporated and Rite Aid Corporation (MCK-US, ABC-US, … Read more
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