Cardinal Health (CAH) Offering Possible 11.11% Return Over the Next 3 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 $67.50 short call and a strike $72.50 long call offers a potential 11.11% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $67.50 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock rose above the $72.50 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 at 30.7 level which suggests that the stock is neither overbought nor oversold at this time.

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 makes changes in executive ranks, increases board size
Fri, 09 Feb 2018 19:20:05 +0000
Cardinal Health has replaced the CEO of its medical supplies and services division, who left for a new job. Don Casey, who held the role for nearly six years, left the company because he was hired as CEO of Dentsply Sirona Inc. (XRAY), a York, Pennsylvania-based manufacturer of dental products and technologies. Jon Giacomin replaced him as CEO of the medical segment, according to a regulatory filing .

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See what the IHS Markit Score report has to say about Cardinal Health Inc.
Fri, 09 Feb 2018 13:01:40 +0000
Cardinal Health Inc NYSE:CAH

Cardinal Health (CAH) Beats on Q2 Earnings, Raises '18 View
Thu, 08 Feb 2018 16:39:04 +0000
Solid performance at the Medical Segment drove Cardinal Health (CAH) in Q2.

Cardinal Health profit beats on CVS tie-up, Medtronic unit buy
Thu, 08 Feb 2018 16:11:55 +0000
Cardinal Health's quarterly profit topped analysts' estimates as the U.S. drug distributor benefited from its purchase of Medtronic Plc's patient care business and a tie-up with drugstore chain CVS Health …

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