Cardinal Health (CAH) Offering Possible 14.29% Return Over the Next 23 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 $71.50 short call and a strike $77.50 long call offers a potential 14.29% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $71.50 by expiration. The full premium credit of $0.75 would be kept by the premium seller. The risk of $5.25 would be incurred if the stock rose above the $77.50 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 54.45 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 Inc (CAH) Chairman and CEO George S Barrett Sold $15.5 million of Shares
Mon, 14 Nov 2016 15:15:03 GMT

Navidea Biopharmace21860helestones
Mon, 14 Nov 2016 07:07:06 GMT
noodls – – Navidea retains rights to non-competitive diagnostic indications and all therapeutic applications – DUBLIN, Ohio–(BUSINESS WIRE)–Sep. 6, 2016– Navidea Biopharmaceuticals, Inc. (NYSE MKT:NAVB) today …

CARDINAL HEALTH INC Financials
Wed, 09 Nov 2016 18:04:14 GMT

Post Earnings Coverage as Cardinal Health Revenue Up 14%
Wed, 09 Nov 2016 13:15:00 GMT
Accesswire – Upcoming AWS Coverage on McKesson Post-Earnings Results LONDON, UK / ACCESSWIRE / November 9, 2016 / Active Wall St. announces its post-earnings coverage on Cardinal Health, Inc. (NYSE: CAH ). The company …

CARDINAL HEALTH INC Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits
Mon, 07 Nov 2016 13:27:19 GMT

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