Cardinal Health Offering Possible 12.36% Return Over the Next 29 Calendar Days

Cardinal Health's most recent trend suggests a bullish bias. One trading opportunity on Cardinal Health is a Bull Put Spread using a strike $55.00 short put and a strike $50.00 long put offers a potential 12.36% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $55.00 by expiration. The full premium credit of $0.55 would be kept by the premium seller. The risk of $4.45 would be incurred if the stock dropped below the $50.00 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 74.84 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Cardinal Health

Cardinal Health awarded $130.09M government contract modification
Fri, 18 Oct 2013 21:46:58 GMT

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[$$] Yum Director's $1.3 Million Buy
Fri, 11 Oct 2013 04:01:00 GMT
Barrons.com – Yum! Brands is coming off a weak third quarter, but one insider has a bullish appetite for the parent of KFC, Taco Bell and Pizza Hut. On Oct. 10, director Robert D. Walter bought 20,000 shares of Yum …

Cardinal Health rises as analyst raises target
Thu, 10 Oct 2013 20:09:04 GMT

Cardinal Health rises as analyst raises target
Thu, 10 Oct 2013 20:09:04 GMT

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