Cardinal Health (CAH) 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 $75.00 short put and a strike $70.00 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 $75.00 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 $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 54.43 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

AmerisourceBergen's Move To Go Big Is The Right Rx
Thu, 23 Oct 2014 20:01:00 GMT

Medicine Shoppe International and Medicap Pharmacies Incorporated Offer New Co-Branded Franchise Opportunities
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 …

Will ObamaCare Help McKesson, Other Drug Companies?
Fri, 17 Oct 2014 18:05:00 GMT

Cardinal Health, AmeriCares Collaborate to Battle Ebola Outbreak
Fri, 17 Oct 2014 13:57:15 GMT
noodls – Stamford, Conn. – Oct. 14, 2014 – Cardinal Health recently donated more than 1 million products to AmeriCares Emergency Response Program to help contain the deadly Ebola outbreak in West Africa. The company, …

Coverage initiated on Cardinal Health by RBC Capital Mkts
Fri, 17 Oct 2014 10:53:36 GMT

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