Cardinal Health (CAH) Offering Possible 12.36% Return Over the Next 9 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 12.36% return on risk over the next 9 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 $0.55 would be kept by the premium seller. The risk of $4.45 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 38.64 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 to Release Third-Quarter Results for Fiscal Year 2014 on May 1
Thu, 10 Apr 2014 12:30:00 GMT
PR Newswire – DUBLIN, Ohio, April 10, 2014 /PRNewswire/ — Cardinal Health plans to release third-quarter financial results for its fiscal 2014 on May 1, prior to the opening of trading on the New York Stock Exchange. Presentation slides and an audio replay will be archived on the Cardinal Health website after the conclusion of the meeting. At these events, Cardinal Health executives will discuss the company's diverse products and services, company performance and strategies for continued growth. Headquartered in Dublin, Ohio, Cardinal Health, Inc. (CAH) is a $101 billion health care services company that improves the cost-effectiveness of health care.

Cardinal Health to Acquire AccessClosure
Fri, 04 Apr 2014 17:50:25 GMT

Cardinal Health, Inc. — Moody's: Cardinal Health's planned acquisition of AccessClosure will aid generic medical products strategy
Thu, 03 Apr 2014 17:33:03 GMT

Cardinal Health to acquire AccessClosure for $320M
Wed, 02 Apr 2014 20:57:48 GMT

Cardinal Health Expands Portfolio Of Physician Preference Items
Wed, 02 Apr 2014 20:45:00 GMT
PR Newswire – DUBLIN, Ohio, April 2, 2014 /PRNewswire/ — Cardinal Health today announced an agreement to acquire privately held AccessClosure Inc., a leading manufacturer and distributor of extravascular closure devices in the United States, for $320 million. Subject to customary closing conditions and regulatory clearances, the all-cash transaction is expected to close by early June 2014. Cardinal Health expects the transaction to have minimal impact on non-GAAP earnings in fiscal year 2014 and be slightly accretive to non-GAAP earnings in fiscal 2015. Our goal is to become the partner of choice for solutions that improve patient care while reducing the cost and complexity of procedures for hospital systems,” said Don Casey, CEO of Cardinal Health's Medical Segment. Gregory Casciaro, president and CEO of AccessClosure, said, “We are extremely pleased to join a healthcare solutions company like Cardinal Health which has existing scale and a structure to grow this business more rapidly and meet the needs of our current and future customers.

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